Increase your withholding further.

Scott Bartlet,You may want to consider going forward adjusting your withholding so you are not receiving such a large refund.

Getting the rental starts your two-year "experience clock" with holding rentals, and this is very important in getting financing down the road on additional properties.She sounds like she's selling for exactly the same reason I'm selling an occupied rental in Louisville (an 11-year tenant, no less).

The problem with holding it as a longer-term rental is that -- after a full remodel -- it's unlikely I'll be able to refinance out 100% of my investment, so while I'm holding it as a rental, I have some cash invested.

I have an Ohio client with an estranged spouse in Arizona (a community property state) and I need to figure out how my client can file tax return without income and withholding information from husband.

To specifically answer your question, I would classify the free and clear home as an asset IF we were talking about the balance sheet, but on the income and expense sheet, it would be a liability as it has costs associated with holding it.

If they find the home doesn't meet HUD minimum standards they will require the landlord to fix within a certain time period otherwise they will withhold the rent.

You might be able to withhold that from the security deposit.

Based on this we decide on the amount of money to withhold from the deposite and make sure its all justified.

If you don't get any response I would then notify them again by certified mail that you will be withholding dues pending receipt of this information and putting your dues in escrow monthly.