When you convert your residence to a rental, you will report two separate rental properties on your Schedule E and depreciate each of them separately.

If you don't like property management do not agree to it.There is the residential and then the commercial side of it.If she wants to start a property management company she needs to have a separate company with E and O.This way if a lawsuit ever happens she can dump this company without affecting her main brokerage.www.irem.org is where you can get cream of the crop training for management.You need to have long talks with her and get everything in writing and agree on compensation and duties before moving forward.

Offered 45, they counted 62k with e/m non refundable after 10 day inspection.

If you hold the property in your own name, you report your rental income and expenses on Schedule E (1040)

Who ever did some of this work did a sloppy job (paint over cigarette butts?

Should I just get the cheapest single pane type I can find, or would there be any point in getting a more expensive "low e" glass type or double-paned?

it's already been suggested to get the past energy usage so i won't suggest that, however, i would suggest asking the electric company if they do free energy tests.progess energy will come out to the house, test window seals, check out energy usage on appliances, check insulation, etc and see what can be improved to save on electricity. personally, i couldn't imagine keeping it on 73 all the time. that's warm to me. the $400 bill for a 1600 sqft house during the coldest winter on record is not a surprise.

Mary,The member being stationed in Germany will make it somewhat more difficult but not out of the question.I am guessing that this is an Army soldier that will be stationed at Ft Lewis.I would recommend that you get phone numbers and an e-mail address to his supervisor.If you have an issue and lose track of the supervisor, you can contact Post housing at Fort Lewis for assistance.In the Air Force, we do not tolerate our members not paying their obligations and I am confident that you will get the same support from the Army.If I were in your position, I would try to make this happen because you are likely to get a long term tenant if he is re-stationing there after his 2 yrs in Germany.Chris

Hello BP I have been watching a show on A&E and I have passed by when public storage facilitys have been in the process of auctioning off peoples storage units, I was wondering has anyone on BP attended these type of auctions, any stories ?

I suspect such a post would be torn to shreds by our members.If you're getting unsolicited e-mails or PM from members offering this or any other sort of deal, please report them as this is a violation of the BiggerPockets terms of service.Real estate seems to attract a large number of scammers and hucksters.