This is a follow-up to my recent post about IRA audit myths. In this long sequel, I will discuss hiring audit and "IRS audit insurance."
1. DIY IRS audits.
Can you defend yourself against an IRS audit without hired ...

Hi,I want to get into the bigger multi families. I am located in northwest Chicago.  I currently own a single family. Was planning to get a 2-4 unit to ease into it but if I see a good deal on a 5+. I want to be prepa...

Hi, I'll try to keep this short. We have had a 60 year old single female renter since 12/18. We have since found out that she is an alcoholic. Most recently, she was drunk and was yelling out the window that she was l...

I'm going to look at a property that makes great sense on paper but has been on the market for too long. It is also 2 1/2 hours away, a bit farther than I usually look. I'm looking at paying a contractor/inspector to ...

We had a tenant put up security cameras and drill into the wood of our deck to install them. We don't have anything in our lease or rules about cameras. We gave them a notice to take them down but the tenant respond...

Hello all, My wife and I closed on our first property March 2021. We live in the property, but we want to list 2 of our rooms on Airbnb. We have been renovating the extra rooms and getting them ready to list. However,...

I have a property in which the rent has always been current, but it is now two days late.  The boyfriend was found guilty today of two felonies and is awaiting sentencing with no bail.Now his girlfriend and two-month-...

Long story short I’m purchasing an 11 unit that currently are all month to month with no security deposits. The current landlord is giving me a great price (cash flows $1400 a month after all expenses, prop mgmt,and %...

I have two partners that are interested in investing some cash to act as our own hard money fund for rehabs (to resell and hold). We own our investment company equally but their money is going to be a "side car" so t...

Hi BPer,I am in the process of closing a 6-Unit multifamily. I would like to seek your opinion on the following scenario:The seller won't share any tenant information with me, except the name of each tenant for all 6-...