Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the "cause of action" arose in that state.

Unfortunately, the IRS does not offer guidance on what they consider to be "reasonable" so as a CPA, we only have what we have seen pass through tax court to get a good understanding of what reasonable means.There are many things that can affect "reasonableness" including length of time in business, relative experience of the person managing the business/project, etc.In general, salaries that fall between 33% and 66% of overall profits are seen as being reasonable in past court cases and then a "sniff test" from there.  

I know I'm preaching to the choir, but you know when the first domino falls, the others begin to fall a little faster.

., going down to the courthouse and looking at divorce or eviction dockets).So I'd recommend you do some research and come up with a list of potential marketing options, and then decide which appeal to you based on your available time, money and inclinations.

I know Post Falls has seen some activity recently so may be worth looking into pockets around the Spokane MSA. 

First order of business is replacing the backyard fence, which is falling apart.

&text=The%20freeze%20overreaches%20as%20it,of%20owners%20under%20rent%20control.Also not sure if this is odd or common but the current owner reached out to me after my attorney told his attorney that the transaction will fall through if the buyer is not able to deliver atleast one of the apartments vacant as per FHA guidelines. 

And, given his first response, be careful and don't fall for any tricks from him. 

., Annandale, Springfield, Falls Church, Fairfax, etc.)Cheers,David

He's the king of creative financing.I will tell you that there are some really great hard money products on the market now and many people are able to buy distressed properties for pennies on the dollar, renovate them and then either flip them for profit or get into long term financing using hard money for the acquisition and renovation funding.Usually 10% interest only and 3-4 points are where the costs fall (not to mention draw fees and underwriting/doc prep fees).Stephanie