I will start work with EY as an auditor in the fall and have recently begun studying for the CPA exam.

I spoke with a mortgage "quality auditor" recently who said he knocked on 600 doors last month.

Since then, I’ve had a nightmare of items pop up Mortgage payment: 1,495 to 1,950 (home was valued at 100,000 on the county auditor to then moved to 210,000, the price I bought it)Loan: I have a 320 dollar loan payment that finishes up by next year for a tub and shower replacementWater: When I first bought the property, the bill was 250-300.

I’ve been a real estate broker specializing in multi-family properties in the Cincinnati, OH market for over 20 years.While I’m not sure where you’re located, in Hamilton County, OH, where I work, the county auditor’s website provides land usage codes for all properties.

Are you saying that the IRS-1065 Is going to be pulled into an audit, or will just the disgruntled partners IRS-1040 be pulled in for the audit?

I am understanding I can convert Operating Partner Units in an UPREIT to REIT shares (taxable) but the benefit is I can sell any percentage of the operating partner units, paying taxes on only that percent I sold.A friend that is a bank auditor, specializing in commercial real estate said:operating costs should total about 30%, leaving NOI 70%For us business people NOI in real estate is EBIDA (T left out as Taxes are an above the line expense)Any know, does the DST have to produce audited financial statementsSo now I feel I am better equipped to work with the RIRep and tackle the recommended PPMIf you really follow the track record of when these multi family unit being purchase and sell, average holding time is 3-4 years so you pay the premium in there and that's why how DST sponsor makes money.

This is why.I show my Form 1098 to my auditor.

If you are audit for some reason, if you then slap together a spreadsheet to record time, the auditors will know right away.

Anyway, the current auditor set the current rates, and is still at the job..https://www.hamiltoncountyauditor.org/

Submitting all financials to auditors for REITs.