The ability to defer taxes into the future is one of the greatest attributes of owning real estate directly.Finally, because private equity real estate is typically held in an LLC, which is considered a pass-through entity by the IRS, 100% of income, losses and expenses pass through to the owners.

The rule is that your purchase price should be allocated between land and building in the same ratio as the value of each component bears to the value of the property as a whole.So let's say the property is worth $100,000 with $60,000 of the value attributable to land and $40,000 attributable to building (you can use any reasonable method to determine this; one easy way used by many is the assessor's split, though there are other methods that could yield a better answer for you).You buy the property  at a huge discount for $10,000

The contractor attributed to almost 3 months of the delays.

The properties have a major negative cash flow after attributing a return on the cash and have turned the properties into a liability.I would sell asap before you lose any more money.

Do you feel you have significant exposure attributable to your original filings?

I think one of my best attributes is that I am great at analyzing neighborhoods.

So perhaps they are distributing back to you something close to the yearly cash flow attributable to your .005 share?

Regarding location of CPA, having one that understands real estate taxation and how to strategize your investments is the most important attribute you will need.

From the outside of the home, you can see some "give" in the roof line, and we attribute this to the framing issues.

You need to brainstorm your IDEAL CLIENT in your mind and what attributes they should have.