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.

The software is run based on algorithms, so answering one question incorrectly can lead you down an entirely wrong path.That said, TurboTax can be great for small landlords who are willing to put the time in to learn about the tax code and ensure that the manner in which they are answering the questions will produce compliant returns.

Discloses the nature of their "Principality" in the transaction (Article 4) and is able to bring a TON of cash to the problem.Your Untrained, NON Realtor® Investor is ONLY able to look at the Seller's property through one view.  

Nearly all the CF and value I have created has come buying vacant, beat-up units to get in cheap, understanding the rental market and rental comps well - and what people want, then charging a fair market price on the high side of market to produce great CF and built-in equity.That's my niche.

WRT repairs and maintenance, I'd rather own a well producing 4 plex in the Bay Area than 20 units out of state.  

But that's the nature of cycles. 

Let them know that in the future if they intend to dispute a date it is their responsibility to prove the payment date by producing a deposit slip etc. otherwise you need to take the banks word on the date. 

Its the nature of this market.

So I have a question (really more of an accounting question) but since many of you are shockingly savvy and have been involved in many deals i'm hoping to glean some wisdom from people who have maybe been down this road already or been involved in a deal of this nature.

In working with insurance companies I've found that they rarely cover mold issues as they consider it long term or chronic in nature and their policies generally only allow flames of acute or emergency situations i.e. plumbing breaK or leak, wind, fire, tornado, earthquake, hurricane, etc.You may think it's a good deal now but once you start digging into it it's like a dentist digging into a cavity.