Goodness!  And this is going to get really murky, because the owner claims that he had a long-term tenant, and that tenant was then doing the rental arbitrage deal.  A real-estate investor accused of running an Airbnb...

Hey gang,I would like to run a scenario past you Here is the deal: I own a 4 unit building on which I owe $75,000. I believe it is worth about $180,000--maybe more, maybe less. I am trying to decide whether or not ...

Hello everyone!  I know the criteria to be a RE Professional is 750 hours in RE and more hours in RE than any other job.  My accountant told me that I need to spend 750 hours PER PROPERTY which does not make sense.  H...

the neighbor of my tenants is starting to complain a lot. She wants my tenants gone and is starting to pester me. She called me out the blue (never met her before) and complained that my tenants are loud, rude, dirty,...

Properties generated $110K last year, I stopped at $120K losses before even going into expenses. I don't want to dig through expenses and itemize all that crap since I'm already at no income. So do I even need to file...

Hi guys, I am attempting to get a property under contract to wholesale. The property has the seller and his niece on title. Both are in different states. The seller is ready to move forward with signing the contract, ...

I had a plumber replace all the drain lines at one of my homes. There were daily issues and when they didnt complete the job, nor complete it properly I went to his office to complain. They didnt know who I was. Appar...

Hello, I own rental property but do not have the properties in a business name. Can I claim I have a home office expense on my taxes because I do use part of my home as an office?

Hi! We moved out of our apartment in San Francisco on May 29th. Our landlord took out over 2000 from our security deposit for "repairs" to items that were previously damaged. For example he took $1000 to redo, restain...

Hello -- I need to do a major rehab on a rental property that will cost about $50k-60k but the contractor does not want 1099 and wants nothing to be reported to the IRS. I want to be able to claim deductions. For tax ...