I would like to make use of the special allowance.  However, I would be filing as head of household.  Would that mean that I would only receive a $12,500 allowance?
This is what the IRS writes:
Special $25,000 allow...

So I got this luxury property in a very nice gated subdivision in the northern suburbs of Atlanta. As a rookie investor, who had no idea how to invest in 2006 paid full price new construction for this SFR and no...

I have an opportunity to purchase a Single Family Residence which aligns with some solid investment return.  I can purchase myself directly securing financing via my local bank; however, I'd rather purchase inside a S...

Hello BP!I have a question about purchasing a property from a wholesaler and the due diligence needed. I have located a property in Florida where the numbers make sense based on my estimations... not his. This will be...

Hello BP,
I had a problem tenant who always paid late and whom I had to evict. In the lease it says she is responsible for any lawyer fees in the case I have to sue or evict her. I did take out the 550.00 to evict her...

Hi All,I have a rental property that I sold in 2018. I lived in the property for approximately 2 years, rented it approximately 1. My question is related to my adjusted basis on the home as this directly affects my re...

I have two recent applicants trying to negotiate with me on rent.  I was told that two nearby properties - not as nice location wise, nevertheless only three blocks away, are including free high speed internet and "pr...

I bought my first duplex in August of 2021.  I pulled money out of my 401 for the 25% down (80K).  Payment is $1500/month and rents are 3K.  I bought my second Duplex in February 2022. I pulled again from my 401K for ...

Hello all, I'm looking at an 11 unit multi family in the Ohio area. 9 units are 2 bed 1-1/2 bath and 2 units are 2 bed 1 bath.

I know there's some obvious things I need to ask for like the rents and stuff. But sh...

Hello everyone. I'm in desperate need of advice and I'm hoping one of the seasoned professionals reading this can help me. in 2013, I became an "accidental landlord," meaning I was never able to sell my old house so I...