Our crime free / drug free addendum is pretty long put the basic info is below:1.Recreational marijuana use is legal in Colorado.

Finally, my treatment of over-decking above is fairly high-level.

Few places have a shared sewer treatment pond or operation but if they do that's another lending concern.Just goes to show, all RE is local.Jerry, in your area I get the concern over fences probably out of the old range wars.We'd knock out wall/drive/road agreements in usually two pages for loans when they didn't have one, pretty simple, probably not as great as they could have been, but made underwriters smile getting deals closed. :)

Lesson learned...preventative termite treatments, annual inspection, termite bond on all rental properties.

This would encourage the worse type of tenants such as drug dealers and prostitutes.

Due to the tax treatment on personal residences this $200,000 comes into my account tax-free.

.#1 should be handled by a licensed termite company, and -- while it will depend on the location, size of property and type of treatment -- you're probably looking at somewhere between $500-1000.#2 is about determining the extent of the damage and repairing it.

I'd have to do some digging, but I believe there is an issue with IRA's investing into S-corps due to the favorable tax treatment of both.

Whether or not having REPS and materially participating in your rental portfolio would then allow you to include losses from a K1 by grouping all your investment activities together for tax treatment (ie can you include the K1 losses even though you are not materially participating in that specific deal if you do otherwise materially participate in your rental portfolio?)

NOTE: Direct Loan to S-corp does not prevent the CG treatment of excess distribution over stock basis.