Take it out of their security deposit for all of the repairs.See if you can get a written statement (if you haven't already) from the plumber of exactly what occurred and that the window was left open by the tenants.

DST providers/literature often cite that though the return is low, when combined with the tax deferred benefit, it’s better than selling an asset, paying the capital gains, and reinvesting in a normal syndication.

I highly recommend it.If you have any other questions or need any bookkeeping or tax help, please feel free to reach out.

Hi All,I am looking to get input from people who file their tax return using the Professional Real Estate Status.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

The correct answer is have 6 months of rent plus a regular security deposit held in escrow with the title company.

Correct, CPA license outside of Accounting/Assurance/Tax/Consulting won't mean much. 

Hi Jon,If the HELOC is already secured and the cash is liquid, you don't need to do do processing and origination activities as you would with a typical flip loan.

It's in Rosharon, Texas and property taxes seem high at 3.19%3.

On the other hand, acquiring more properties can lead to faster portfolio growth, diversification, and potential tax benefits.