Congrats and good advice above Jorge, and as a brand new landlord, take a look at IRS form schedule e for some basics categories of deductions....I often tell people if you do your own taxes and have itemized and handled some more complicated worksheets, deductions, and credits, then you may be able to go diy on taxes for a couple of rentals with some good resources..but if you have not done taxes or just simple 1040 ez stuff, I would use a cpa with some real estate background in helping  small, residential landlords..best of luck

Interested in the concept of seller buyer contract sales but still only have a out 5,000 for down payment so that may not be an option. 

It's basically the way the IRS tracks how much of your lifetime exclusion you have left (currently $5.43MM).

So for some constructive feedback here Is mine1. the letters are all canned someone on BP or some other place has written stock letters and wholesalers not really having any original material they just copy what they read from others.. so all these letters basically say exact same thing and scream of form letter from newbie.2.

I have to give credit to BP's "Ultimate Beginners Guide" for really getting me acclimated to the Real Estate Investing world and getting some quick general knowledge on the basics with tons of links to more in depth guides, blogs, articles, etc.  

Over the years of struggling in this business, trying to put deals together, working to earn a commission or an equity profit, I am blessed to have had the ability to be innovated and with creative imagination to invent systems, techniques and concepts that produced short cuts and made my job easier, rewarding and fun.Some things I have used or invented to help myself and associates to relieve the pressures of this business:A business card that people keep and play with and ask me for moreA Indian Head Nickel that has gotten the attention of bankers, prospects and many people who have received it.

The fact that they have a voucher does not automatically make them a good candidate/fit.Lastly, the section 8 Bible 1 and 2, though dated still give the basics of running the business solely on this model.

Have phenomenal concepts that should make a major difference in the marketplace once implemented.For sellers, I offer outstanding tools ranging from premium placement on the public real estate portals like Zillow and Realtor.com as well as custom webpages and targeted direct marketing campaigns for their properties.For residential income property management my focus is on providing outstanding value and service to investors and tenants.

Learn the basics (I.e.

I sold my investment properties to pay off my debts and provide basic income to support my family yet the job market did not recover fast enough to avoid bankruptcy.