Here's a suggested system:123 Sample Street     - Property          - Receipts          - Invoices          - Photos and Video          - Other documents     - Tenants          - 2015-01-15 Move in - John and Jane Smith          - 2016-01-15 Move out - John and Jane Smith          - 2016-02-01 Move in - Jack Squat     Every file should be named with "DATE - PURPOSE - LOCATION - NAME" which will enable you to find things using the search feature.

I really believe that I am up to the challenge and that my experiences as a soldier have given me many skills that will enable me to become a successful real estate investor.

A 1031 exchange enables you to defer the taxable gain if you roll the proceeds from the sale into the purchase of another property using a specific procedures. 

And although lenders are stricter with verification of self employment income, showing two years of tax returns with sufficient income does qualify.Theoretically, passive income, rental income, dividends, interest income, etc. should enable you to qualify the same as self employment, i.e. as long as you can show 2 years sufficient income on tax returns. 

Technology advancements such as email, phone calls, skype has enabled communication with a remote CPA to be seamless.

Technology advancements such as email, phone calls, skype has enabled communication with a remote CPA to be seamless.

Teachers, police officers, etc. who can't afford to live in expensive central cities.

That will enable you to acquire the property, improve it, refinance (pay off loans), and then keep that property.

Meanwhile, we've actually sold one, managed it for a year for the buyer, and then enabled a young entrepreneurial lady we know to become a property manager and turned it over to her.

Good morning everyone,I am a high school teacher looking to get his feet wet in the real estate world.