If 10% per your example, maybe not since doing nothing would get me close to 4%.d/e.  

Overall, he seems to want to do a basic cost seg for me on the FF&E and Capital Improvements and leave the original basis of the property on the conventional depreciation schedule.I would love some feedback, personal experience, thoughts on this matter.

Stop hanging out with your deadbeat buddies that spend all day drinking, talking sports, and otherwise wasting away.

Quote from @Scott E.: Goal: Don't go bankrupt.Joking, kind of.

Quote from @Victoria E.: I have a tenant who has moved out and  i now have a judgement against. 

Annually, the Management LLC would "distribute" to the Property LLCs, but it would all flow thru to your 1040 Schedule E - unless you get partners, which would require a 1065 return with K-1 distributions to the partners.

Real Estate is a team sport though, and having a good agent or two on your team you can call on will be useful down the road.

SCHEDULE ESchedule E is the SEXIEST Schedule to investors (that's right, I used sexy to describe tax returns).

One day, they simply asked me to deal directly with another property management company in Baltimore which by the way has never responded to any of my e-mails or phone calls.6- Our property management agreement says they have to pay rent by the 25th of each month which they have done only in the first couple months, after that it was always delayed and only paid after several follow ups. 7- They sold their company as a turn key provider where investor would not need to do anything to manage the properties.

Alongside this venture, I thrive as a Feature Producer for the esteemed sports show, Inside The NBA, bringing stories to life on television.