The market there has been exceptional for me, but not without its challenges.

Although for me being one a premier client of our title company they would do date downs for me for free and also keep a running spread sheet for me.

You will need to deduct the expenses and include income on a schedule E of Form 1040.  

But…When real estate literally takes less than 2 hours a month for me.

I had a similar mindset and started...in the sense I bought house hacks in areas whereI wanted to live and worried a little less about the dollars and sense and just made sure it worked for me!

I love to connect with others here who might be willing to share advice, resources, or success stories if anyone has tips for me as a beginner or any recommendations, I’m all ears.

Please keep those posts in the Classifieds forum.Need a spreadsheet or form?

With your balance sheet and cash, you can put together creative deals without giving up equity and without using your cash but you are going to need to find a market and product which has 7-8% cap rates.I invest in the northeast, Great Lakes area.Diverse economies with education, healthcare as the back bone and tech as growth.In your area, you’ll have to raise way more capital in the form of equity just to meet DSCR with the banks.

He claimed that they had properties ready to sell to me and the 10K was to recover their costs on work that had already been done to prepare the property for me. 

It’s a quick DELETE for me as a business owner.