I have a LLC with my wife and I listed as members under the Articles of Organization. Does the IRS consider this LLC as a sole Proprietorship? Also, since it's a pass through entity, I don't need to file a separate re...

I have a question regarding the Fair Housing Act's Familial Status.The intent is to prevent anyone from refusing to rent to or give preferences to people based on their family status...single vs married, with or witho...

Hi Everyone, I'm due to close on a 21 unit next Friday, Sept 8th. This is my second MF purchase. I received the following email from the broker this morning, and I'm curious to understand how I need to handle this fro...

Hello all,My partner and I have began managing short term rentals in our area for other host.  Generally the most time intensive properties for managing these properties is the turnover between guest.  Luckily we have...

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I bought 1920 house and gut renovated it. Is there any tax deductions for renovating old house?

Here is a recent article from Forbes:http://www.forbes.com/sites/navathwal/2015/06/30/t...Detroit is one of the top 5 cities in the nation for flipping.Does this mean that Detroit is coming back???

Hello! Down here in Texas during the freak weather my rental property lost power for a day. The tenant, an elderly woman, lit a fire in the fireplace (14 hours) and it started a fire in the house burning all surroundi...

This is the first year I have rented out my townhouse and have a question about filing and wanted others' thoughts. The home was purchased four years ago as a foreclosure and we made many capital improvements such as ...

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Recently bought a SFH that has tenants currently month to month in place. What is the proper and best way to give them my information for paying rents and contacting me, etc.  What else would you include in a letter t...