If a quit claim deed was used to transfer title in a normal sale one just wants to make sure the chain of title seems clear and that the owner issuing that deed had clear ownership.This is why we have title searches done and pay for title insurance to research these sorts of things and to protect us against the oddball unforeseeable circumstances.

Hey all,I’ve recently acquired a 4 story, 5 unit building on a corner lot in old city Philadelphia.

My question: In the original lease it states to make payments via check or money order to the Property management office.

You can own 1000 units and get crushed in this business.

I'm a landlord of a newly constructed duplex in the New Orleans area.

I hope to contribute as I grow myself and help others.For this discussion, I have a duplex cash flowing $1,500/month with $220k in equity. 

In this case I would just wait for her lease to end and then get work done and show the house.

I completed Form 8824 in TurboTax as a combined transaction.From my understanding, this transaction is tax-free, and the gain is deferred.

Investment Info:Condo fix & flip investment in Austin.

Investment Info:Single-family residence fix & flip investment in Austin.