One important note is that for federal tax purposes, if you have received prepaid rent that is for a future year, then you must recognize it as income in the year collected.

Actually, I've read about a much of the public information that's out there...Logically speaking, you either you have to believe that the cop was very poorly trained (if he grabbed a taser instead of a service weapon), he is a murderer (if he purposefully grabbed his gun), or the entire system is corrupt (if tasers can be easily mistaken for service weapons but the police don't implement safety guards to make sure innocent people aren't continued to be killed).

Can't they apply their creativity and effort towards an honest purpose and make more money?

The main purpose is if we can train the tenant and turn them into a resident, it saves on the rehab and vacancy.

Hi there, Working through my taxes and wondering what NACIS code other investors use for single purpose LLCs short term (<1 year) holds.

Isn't one of the purposes of this site is to save people from gurus?

Opting out keeps companies from pulling your credit for promotional purposes.

Quickbooks and Peachtree will be too much for your purposes unless you have a bunch of properties, load of transactions per day and employees.

So I was spending my time reaching out to multiple individuals in my area for networking purposes.

The number we use for planning purposes is $1200/unit to cover miscellaneous common area expenses.