They are on their third lease term.Unfortunately, I used an old lease template I received from my in-laws which does not have a lead disclosure.

Depending on what your by-laws say, it’s your responsibility for the drywall repair portion.

After 10 years:OZ is worth $110,462 at 1%/yearNon-OZ is worth $134,391 at 3%/yearLet's say you ended up falling in the 15% bracket:OZ profit is $10,462Non-OZ profit is $29,232 after taxes.And don't forget under current tax law you don't pay CG on the first $38k anyway ($77k if filing jointly). 

Apparently you didn’t get these changes in writing, and you don’t know your own state lien laws and procedures.

The bank appraises the fence for $10,000, but the new buyer gets to start depreciation over for $15,000.What you're referring to as the 20% deduction in the first year, is what's called 100% Bonus depreciation , and is a new law passed with the TCJA tax reform.

Its 715sqft large open space (previous garage converted into mother-in-law suite/studio), with a full kitchen and fairly nice appliances as well as a full bathroom with a large walk in shower.

We are house hacking with a mother in law apartment in our basement.

Once a law suit has been filed it is illegal to transfer properties.

As far as the lease goes I wouldn’t worry much about that translation concern because immigrant tenants don’t usually follow the terms of their lease anyways !

As an OOS investor, you want to invest in markets that have low property taxes, landlord-friendly laws, and a growing economy(more rental demand).3.