Every roommate has a written yearly lease and a security deposit on file.

Below are current mortgage and refi detailsprimary home - 15 year/3% fixed / still 12.5 years left / 310k outstandingrental - 30 year / 4.375 fixed / still 29 years left / 175k outstandingrefinance primary residence - 15 year/ 2.875 fixed / 485k loan / payoff rentalthe idea to payoff rental sounds exciting..but I am worried about the taxation..is it possible to deduct interest payments (approx 35%) when I file taxes in 2021?

Does anyone have any good CPA recommendations for someone that can assist me with filing taxes when I own rentals in a couple different markets? 

It might also be worth helping the roommate understand that evictions can turn up in background checks as soon as they're filed - it doesn't have to get all the way to set out day. 

Has anyone ever filed a Fair Return Petition in San Jose to increase rents beyond the 5% cap? 

I wasn't going to file any tax forms for my LLC because I don't have rental income yet, but unfortunately (or fortunately :)), the money I had in my business bank account received interest so they gave me a form 1099-int. 

I'm not your lawyer, so you know, I don't give legal advice, and things I say you should consider stupid internet rumors.The way that statue reads to me is... you can really do whatever you want with it, but if the tenant files a demand for it and you can't product it in the needed time, you'll end up owing them triple the deposit as a penalty, so you should probably make deep considerations on the risk profile, as if you can't produce it quickly, it gets even more expensive, very fast.

It's a tough lesson but alternatives would be hard money or private money for two years until you get two years of tax returns filed where you've actually proven you can make more via commission and then get traditional financing. 

More relevant is what Kory mentioned and also if the 1065 has tax-exempt partners and a UTBI/UDFI calculation is required, how many state returns need to be filed, if forward and/or reverse 704(c) allocations are involved, a 754 election is made and 743(b) and/or 734(b) adjustments follow, etc.There is a fine line between a professional who knows what they're doing and someone who does not in the tax world.I've seen taxpayers price shop their business returns and go with the lowest cost provider only to find themselves in the middle of a train-wreck 2-3 years down the road. 

My PM company issued a 1099 in my name and because of this my CPA is telling me my LLC's earned ZERO dollar.Here's the statement he wrote me, "If for 2019 nothing was earned in the LLC, we can certainly prepare “zero returns”, but you cannot ignore the filing."