I need to prepare for tax filing and potential audits, but I'm unsure if receipts for every expense are necessary.I had an incident where the PM mentioned a referral fee of $350 for a tenant, but the bill showed $400.

How much should I budget for taxes on rental income (For example if mortgage and fees are an even $3000 per month, what should I actually charge to breakeven after taxes, much less cashflow)?

Failure to repay the loan according to the plan's requirements could result in penalties and tax consequences.Tax Implications: While 401(k) loans are generally not subject to income tax or early withdrawal penalties, there can be tax implications if the loan is not repaid on time or if your husband defaults on the loan.

Since I'm firing MYND, they don't want to deal with the security reconciliation process for my tenant in case my tenant disputes in court, and by then they won't be managing the property.

You don't need W2 income, tax returns and no one is looking at DTI.

We are leaving CA for tax reasons and because the distance of maintaining properties was getting to be too much (there were not great property managers or contractors so we were having to travel back for everything).We have made a few offers on 4plexes in Las Vegas but have not found the right property yet. 

Evaluate operating expenses, including property taxes, insurance, utilities, maintenance, property management fees, vacancies, and capital expenditures (CapEx), to ensure accurate estimates.

Accurate books for a seamless transition during tax time. 2.

Question is will this state income tax lien survive the foreclosure?

Hi all, In MA, my understanding is that landlords have to hold security deposits in a bank within the state that is interest bearing.