People assume certified checks are always legitimate but with such sophisticated printers now certified checks are one of the most counterfeited items out there.

Assuming that you lived in your current home for 2 years, you have 3 years after moving out to sell it, basically without capital gain taxes.

If you don’t have someone preparing your taxes for you each year it might be worth paying someone to do it the year you do this.

Numbers run off current rent roll (4950) taxes (5200 annual) insurance (3k annual) with 5% vac 10% management and 3k annual maintenance.

When evaluating multi-family properties do you simply go on rental rates listed on Zillow by agent and make an offer if those numbers cash flow, or do you ask for taxes or p and l's first (are sellers willing to do that before going under contract)? 

Hi,I am still a newbie, trying to navigate my way over the hybrid tax deed process that is in place in TX. 

I am leaning a certain way on the deal and I'm curious to see if other investors align with me or not.Sales Price: 102,900, 25% down (assuming 5.625% interest rate on 30 year fixed)C Unit in C Neighborhood, increases in quality could improve rent by $100-$200 p/m, estimated.Income: 2 units, total rent is $1750 per month / $21000 per yearExpenses: PITI: $856 per month (444 mortgage, 67 insurance, 345 taxes)PM: 10% / $175 per month (I will be managing for the foreseeable future)CapEx: 10% / $175 per monthMaintenance: 8% / $140 per monthVacancy: 8% / $140 per monthWater: Average is $129 per monthFlood Insurance: (Damn AE zone) is $57 per month (backed by private insurance)All other expenses covered by tenantsThe numbers Cash Flow Per Door of $39 per month / $468 per yearCF of $78 per month / $936 per yearCOCR of 3.03%Value Add/My Questions: Rents are low for this area -- rentometer, Craigslist, and 2 BR comps indicate 2 bedrooms should be in the 1000 to 1100 range per month.

The way you are running your PadSplit, is it considered a STR for tax purposes?

The other is that any sort of offline payment, pre-payment, or in at least one case I can remember, a legitimate habitability issue that led to a tenant not paying rent one month led to a gap in that tenant's reported rent payment history.

I think I’m in a tricky tax question and before I ask someone I wanted to get an insight from members.