Don't miss the traffic, the taxes, the overbearing politics and government.As for lease options, I started investing with this niche about 30 years ago and I still use various lease option strategies today. 

With individual LLC's you can handle your taxes on your own. 

I would talk to a lender, they look at your Schedule E section of your tax returns and add back depreciation, so basically, as long as that number is greater than the mortgage, your property will be a net zero on your debt to income ratio or it will be at a positive best case and small negative worst case, so you only have to really qualify for the next property. 

My tenants are asking for my personal address for their taxes...I have only 1 property and am very new to being a landlard.

I want to further expand my knowledge because I dont understand much of real estate terms, taxes, and everything in between. 

It had 1 source for all utilities so utilities were included.

I've been a licensed CPA in IA for the past 5 years and started my own tax and accounting company as well in 2017.

Yes, he's gotta report that rental income on his taxes.

The utilities are still on and in his name.

Maybe we can learn something from each other.One thing I am learning/going through right now is taxes and what comes with that.