XXXXXXXXXXX, in book, page, of the Official Records of the County of Los Angeles County, State of California;WHEREAS, the Trustee does hereby reconvey, without warranty, to the person or persons legally entitled thereto, the estate now held by the Trustee under said Deed of Trust.Dated 1/17/2013Trustee: ReconTrust CompanyBy: Maria Fregin, Assistant Vice PresidentState of Arizona, County of Maricopa.....and then below all that, it is notarized.

Hi all,I purchased a two-unit home a few years ago as my primary residence with a conventional loan, and was told by an accountant that there is no reporting or extra tax forms I need to file as long as my tenant in the upstairs unit is paying less than the total of my mortgage.

They will not use the income if you don't have those lined up by closing.Tons of people do this, and I also did the same thing earlier this year. 

Any suggestions on which method is a better way to furnish a rental property? 

I understand that a corporation can be general partner in an LLP but is it possible to have the property by on the books of the corporation and issue distributions to the investors through the corporation?

View report*This link comes directly from our calculators, based on information input by the member who posted.

The accounting module is adding capabilities and can get you ready for tax season, but by no means has the capabilities of larger platforms that are more expensive.  

That's a method of borrowing so you can borrow.

What do you think about reducing the rent by $100 and transferring the utilities to the tenant's name?

@JD Martin I’m a bit confused what do you mean by prohibition?