And yes some people do feel like they can pick and choose parts of a bid, which sometimes is the case but not always.I did give itemized bids still so they could see why I was charging what I was, if they didn't like it we can discuss or I could just have said take it or leave it or adjusted my number accordingly for the reduced amount of overall work I was going to receive.

So now, I am starting to not automatically include them.

You will report the sales price as zero on the 4797 and the remaining basis that is left as the adjusted basis.

The trouble with this is that it results in a situation where a disagreement would be an automatic stalemate and therefore require litigation....and at that point we both lose!!!

You will have to make some adjustments along the way for differing utility arrangement's.

Violation of this principle shall result in contract termination and possible legal action in the interest of the Owner and Tenant.Term of Agreement.This Agreement shall be effective as of the 1st day of May, 2012, and shall expire on the 1st day of Jan, 2013.Upon expiration of the above initial term, this Agreement shall automatically be renewed and extended for a like period of time (one year) unless either terminated in writing by either party by providing written or emailed notice _30_ days prior to the date for such renewal.

Whatever consideration you paid was the purchase price of the real property, personal property (if any), and any accounts payable/receivable - unless those were explicitly excluded from the purchase.Therefore, if the purchase price came with the security deposits, and the security deposits (or any portion thereof) do not need to be refunded, they may not be income to you.It may be possible that those funds will adjust your cost basis.

Another reason is that most real estate only returns between 5% and 10% unlevered for a capitalization rate and thus leverage is required to make the effort-adjusted yields competitive with other investments.

Comps when listed on the grid, have manual adjustments to make the properties similar.

Sometimes owners tell tenants an insurance adjuster is coming by to look at the units and take pictures.It is really a buyer.