Personally, I would say no to offering a rent decrease because of a leak.

Most likely you'll never have an issue unless the company/person doing the repairs after the fire cut corners.

Personally I am not sure what investing out of state looks like, and I would truly feel incredulous if I could get help from any of you amazing friends here on bigger pockets!

I would personally wait to buy a property until you're down there.

I would highly recommend staying away from anything being transferred from one person to the other directly.

But I began this reply with IF, because if they are all cash-flow positive, I would personally not seek to pay any of them off early (depending on your age), and instead save that money to put towards obtaining additional properties.

I personally use batch skip tracer.

You need to pass "material participation" test and personal use test, but that's for your future tax professional to explain.Yes, bonus depreciation is possible, but only on the current value of the personal property and land improvements.

If you are doing this for your personal properties, I would consider Quickbooks or Stessa.

Situation:1- W2 employee making $230000-$300000 a year. 2- owned 2 properties under personal name, 1 in LLCWhat are the best way to get tax benefits ?