These are a couple of things we do during our lease audit process.This is a prime example of why investors need reserve funds.

If you did the refi 3 months after, it could trigger them to audit you.

Feeling overwhelmed and nervous about an audit!!!

Whilst there were no obvious structural issues caused by the settling, the evidence was there for a trained and impartial eye to see. 

But once you declare to be running a trade or business - then 1099s do come with the territory.If you really want to avoid 1099s and decide to claim to NOT be running a trade or business - be prepared to lose your business overhead deductions upon an IRS audit.

I'm doing a Vendor Audit on the above to hash out the differences and value's.

If I leave 20 bucks on the table, I'll sleep like a baby and dream up the next big deal while others are getting audited or sued.

Are they teaching auditing of originations ?  

We've had an energy audit (https://www.efficiencymaine.com/at-home/energy-audit/) done at one of our duplexes and spent about $5500 on insulation which made a huge difference in the heat loss for the whole building. 

This log will be invaluable in case of an audit.3.Grouping PropertiesWhile I’m not an expert in international tax law, my understanding is that you can group all your properties together for material participation purposes.