After a long absence BP due to health issues I am dipping my toes in the hard money lending business again. I look forward to connecting with old friends and making new ones at BP. I especially look forward to catchin...

So, if you are buying in lower end areas or an area that is harder to attract high quality tenants, you will likely have more vacancy due to fewer qualified applicants and often time wear and tear that can be fairly expensive with each new tenant.

So we would like to know if it’s possible to remove aunt A without getting tax reassessed.I also called the tax assessor office and he mentioned we could provide evidence after filing quitclaim deed for aunt A where she will need to provide her tax return and written comment that she was only a co-signer and sign an affidavit, stating she has no interest in the property.

They took almost a year to rehab it and it's been sitting on the market at a high price since then.

The wholesaler had it priced too high as he used comps from March.

There are markets that are very saturated with STR and with vry bloated prices and high interest rates it could be impossible to turn a profit at all. 

He also has not bounced checks there and is not a high risk type of account. 

I aim to refinance the loan under conventional investment terms to avoid the high interest rates associated with hard money loans.With an excellent credit score, securing a loan shouldn't be a challenge.

You must generally file Form 3115, Application for Change in Accounting Method, to request a change in your method of accounting for depreciation.The following are examples of a change in method of accounting for depreciation.A change from an impermissible method of determining depreciation for depreciable property if the impermissible method was used in two or more consecutively filed tax returns.A change in the treatment of an asset from nondepreciable to depreciable or vice versa.A change in the depreciation method, period of recovery, or convention of a depreciable asset.A change from not claiming to claiming the special depreciation allowance if you did not make the election to not claim any special allowance.A change from claiming a 50% special depreciation allowance to claiming a 100% special depreciation allowance for qualified property acquired and placed in service by you after September 27, 2017 (if you did not make the election under section 168(k)(10) to claim a 50% special depreciation allowance).Changes in depreciation that are not a change in method of accounting (and may only be made on an amended return) include the following.An adjustment in the useful life of a depreciable asset for which depreciation is determined under section 167.A change in use of an asset in the hands of the same taxpayer.Making a late depreciation election or revoking a timely valid depreciation election (including the election not to deduct the special depreciation allowance).

A high-quality company will be on top of their KPI's and their numbers will match.