My guess is the paint job was covering cracks.Basically what I'm saying is if the owner hasn't owned it for very long, ask about improvements, inspection reports, and any information that you might find useful. 

Instead, you’ll report it as lower rental income on your Schedule E.

You probably need to report if you are a corporation, LLC, or HOA.For more information:US Treasury dept, “Financial Crimes Enforcement Network”Disclosure: Janet I.

Wondering if you have any particular online companies you recommend that checks evictions, credit reports, collects rents, provides a lease, etc... all in one place. what are some of the pros and cons you have experienced with each company. thanks

We plan to remove the carpet next year and install LVF to increase property's value and potentially bump the rent. 

In the lifespan of your investing if you continue investing this speed bump will become smaller to you.

Mag has great reporting and great returns.

Hi Brian, I mostly pull Rentometer pro reports and cross reference with MLS and Zillow but I only focus on properties that ACTUALLY rented, not just listings.

The DSCR will still have a personal guarantee, and whether reported to the credit bureaus or not it needs to be disclosed as a debt, so there's no benefit there.

Under audit, the auditor will seek substantiation that what you reported was truthful.