I drive all the time searching for properties and I would love to get a deduction from it.My cell phone?

I have someone that has the income but on their credit report that have a two unpaid cell phone bills, a mortgage from a previous house, a lease from a prior house that was unpaid and some other things.

With a next egg of 350K+ - 400K, you should be able to easily hit 20-25% (maybe more) ROI (with leverage).One more note, if re-invest the capital with leverage, you should be able to shelter most of your "passive income" via depreciation.

You might be better off using an eviction service.They will be cheaper and go to court for you and handle the trashing out and serving of the eviction.You won't find an attorney getting dirty they will just shuffle papers and show up in court.In fact I have had judges rule against attorneys and enjoyed our cases much more as we were on the ball.Some attorneys feel "special" just because they hold a law license and are below par in their performance.I tell them the eviction is filed regardless of promise of payment.I tell them you can always pay at the court hearing and I can drop the case.If you don't you will get stories like I can pay you 600 and get caught up this week and then you hear stuff like I only have 300 because such and such happened.Then they get further and further behind.They need to pay me in full and go cold with the utilities,or do without internet,cell phone,cable..

Having the tenants pay off a property and then eventually owning it free and clear can give a nice retirement nest egg.

If interested shoot me a PM or call me to discuss your specific needs.Derick Townsend-Realtor®Blue Leaf RealtyKeller TX682 224 9517 (cell)[email protected]

Some areas do not allow you to file for eviction without first having a valid rental license (and it becomes a real chicken and egg problem, because to get a valid license, you have to get everything else in compliance - like the occupants in the non-permitted area would have to go first).

Here are another few pieces of advice that can help - especially if you have a full time job:* Cell - Buy a pre-paid cell phone and record all the details regarding the property (how much, how big, verification needed, security, etc.) on the VM.

You said you've saved up a nest egg, that will definitely help you get your business started.

Closing the door on decades of tax free growth to protect against economic calamities that may or may not be realized is putting quite a few eggs in one basket.