I get great tax benefits.

Do I just cut ties and get her out to start fresh with a new paying tenant?

I furthered my education by reading "Writing Winning Business Plans" by Garrett Sutton, "Tax-Free Wealth" by Tom Wheelwright, and, naturally, "The Book on Rental Property Investing" by Brandon Turner.

@Ilyas KarzaiInvesting in CA can be very lucrative but as other posters have mentioned there are trade-offs, taxes, costs, and tenant laws.

We also tell them when they’re going to get their security deposit back and what requirements they have, which are the requirements that are spelled out in the lease, but we highlight the typical problem issues like cleaning, lightbulbs, cutting the lawn, removing all their possessions,… Etc.

Sellers aren't always aware of liens or back taxes owed.

Here's why:- unless you strategically reported your taxes as making 100% income and not reporting an entire loss on your schedule e - you will most likely not find a lender who will qualify you for a HELOC.

@Mohamed Elkashlan PM us, we can recommend attorney for LLC setup, even a tax attorney.

Just curious if anyone uses the property's tax assessment in any way when coming up with an MOA when wholesaling vacant land.

She just amended my 2022 taxes and I am getting a very large 5 figure refund from the IRS.