I'm trying to coach him into a house hack situation, with an FHA first time homebuyer loan.Junior has worked since early 2016, received his first W-2 and filed his tax return this month.

You need to file a Form 3115 to change your method of accounting from an impermissible one to a allowable one and take a 481(a) adjustment to catch up on the previous depreciation you did not take.

Hello BP, I just finished filing for my first real estate LLC and I had just had a question on how to transfer my property to my LLC.I own the property free and clear.I have never transferred a title or even owned a LLC, so any information, tips, or strategies on the subject would be great. 

In the BP spreadsheet section:https://www.biggerpockets.com/files/user/ScottTren...Memphis is the clear front runner in rent % of price, which is attractive from a cash flow standpoint. 

They filed to get section 8 housing assistance and my grandmother signed for it.

I've reviewed the borrower's credit report as provided by the note seller and it appears that the buyer filed for Chapter 13 back in 2009.

We apply all incoming funds to charges OTHER than rent first. they then end up short rent for which, I, a property manager, can now file for eviction.In Texas a PM can only represent a LL in court for past due rent and hold-over.Applying funds this way (per the lease) gives me the position necessary to force issues like utility collection, HOA fines, etc.

In Texas the owner must file their petition before the second anniversary of the date of the sale of the property and they are divvied according to all that is owed ie: all outstanding legal debts in the order they occurred. 

There are some contracts in the files section.https://www.biggerpockets.com/files

@Julia Shevchenko yes, of course she could offer cash for keys, easiest way to get them out without filing an eviction.