Hi Folks,How much did YOU pay your CPA for tax preparation and filing 2016 taxes?

Look not only what it would rent for, but focus on what the net income is after mortgage, property, taxes, insurance, etc.

Sure you have expenses and income tax, but still.......?

Hello BP Community,Hoping one of the tax experts out there can provide me some clarity. 

It's frustrating, but with low taxes, relatively low insurance and no mortgage payment, I am flowing about $12,500 a year just from that one house (less than 5 year ROI). 

The original bill, talked about here, would quadruple the property taxes on any home operated as an STR for 90 days or more in a year.

For our planning clients we use software where you can link all of your accounts and manually enter too, and so it operates initially like Mint but goes way further with great analysis in all core areas, particularly taxes.  

The principal and interest payment will remain the same, but the loan payoff date will be escalated as you make extra payments towards the principal.The details of your monthly payments should be available on your monthly mortgage statement as it lists the principal, interest, taxes/insurance escrow, and PMI paid that month.

Everyone says pull "absentee owner" pull "tax delinquent" pull "tired landlord" and the list goes on.

If you plan to move in and owner occupy you’d rather move it in to your name so you can claim 100% sec-121 tax free treatment which you can not do if the LLC owns it and it was a rental first.