##### -Leah Rose." but since id be blanketing them  i know most will trash it but if i offer reward maybe i will get some Leads...?

If your property is paid off and you wish to be charitable theirs nothing wrong with that.

Financing is going to be my biggest challenge/most rewarding hurdle at the moment.

I just owe her a new primary :)Good luck and no reward comes from inaction.

I know I can't write off the lost income, i.e. if it'd rent for $2,000 a month, and I donate the use of it to the church, I can't write of the $2,000 as a charitable gift.I know if I just treat it as a 2nd home, I can write off the mortgage interest and property taxes, but how do I set it up so I can write off the entire mortgage, insurance, utilities, etc?  

It's a small step but action is so much more rewarding than just learning.

@Derrick Holmes, first off, welcome to BP the bestest of all REI sites...I would commence by warning you off of land, as an investor that bought, sold, rehabbed, subdivided and rezoned land both raw and improved, it's by far the trickiest of all real estate endeavors; HENCE more rewarding.

These businesses provided educational return, they got me reading books, but ultimately I failed in terms of finding personal and financial reward through them.Approximately 6 months after my realization, my wife and I were sitting in bed and I was reading the book “Rich Dad Poor Dad”.I remember distinctly, putting the book down and asking my wife “how would you feel about us selling our house and buying 2?”.

This is your deal, you get the majority of the potential reward so why should I take the risk that you miscalculated your comps and now have to sell at cost?

Your bookkeeping system can tag income and expenses with a property ID or use subaccounts to keep track of income and expenses by property.Since you are a sole proprietor, there is no issue with co-mingling funds and using the same checking account for both personal and rental activities, but, it is much simpler for record keeping to have a separate checking/savings account for the rentals.I have charged stuff on my personal credit card for my rental properties, because I get "rewards" for my charges.