We converted a LTR into a STR September 1, 2022.Of course i've waited to the last minute to complete my taxes and am struggling with this.I have completed my taxes for 20+ years using Turbotax - but this is a little c...

Hi all!  I have a tenant complaining about a ground hog burrowing under my rental property in Independence, MO.  Property management company quoted me $375 for inspection and removal of said critter.  Was wondering if...

When my grandmother died in 2002 she left her townhouse ($500k) as a life estate to my aunt for as long as she wants to live in it.  Should she sell it, it is currently on the market, I will receive 1/3, my father 1/3...

Has anyone considered converting their property to a Residential Assisted Living home?
The other day I came across what seems like a really good concept, Residential Assisted Living. I am looking for some feedback fr...

I am working on getting quotes from a CPA for preparing K1s for a small partnership deal with less than 10 investors. 3 GPs and 7 LPs. I have been quoted $2500 by a local CPA, but some people have told me that seems h...

We found out today we have Black mold in one of our properties. The inspection was done in February and there is NO mention of it. We live in Texas.  We were interested in another home but when we found out it had mol...

I've been in Mortgage Lending for 10 years. After taking last year off to become a Natural Foods Chef and a Nutrition and Health Coach, I have come back into Mortgage Lending with more energy and excitement than ever...

I was approved to buy a second house to live in so that I can rent out where I currently live. I am going to try and rent the house I currently live in for $1700 a month and my monthly payment is $1321. I am new and t...

I am an investor in a single rental property which I just sold.  I'll file IRS Form 8949 and Schedule D (with unrecaptured depreciation on line 19).  Is Form 4797 also required even though real estate is not my trad...

I am preparing to set up another LLC. I came up with a name based on a Bible verse that has to do with financial wisdom. I searched my state and the name is available. However, I did a Google search and discovered the...