If you have 30 days to complete your accounting and move-out report, let the tenant know that you won't be returning any portion of the security deposit until you have completed all the necessary steps.You need skilled "boots on the ground".

Originally posted by Account Closed The seller need to call the bank and ask for a pay off letter.

After learning more about the pitfalls of sinking too much into my 401k account, I've decided to shift my focus into RE rather than maxing out my 401k and my wife's TSP account annually.With it being a new year (and bonus season!)

Rent control is another big consideration as Account Closed suggested.  

I'm not an accountant, so definitely consult with one.

I'll double check with our attorney or accountant, but does anyone know if a STR property, purchased under a residential mortgage as a second home, is covered by an LLC (should I choose to form one), from a liability stand point?

I would like to take advantage of the 12,500 tax deferred small business retirement account.

Its exactly the same as if your paycheck gets deposited into your checking account and then you transfer some money to a savings account. 

Account Closed - That is just awesome! 

Account Closed I am looking to invest every where, however I would like to start in NY.