Peter,That does not sound accurate based on having a Schedule E and being able to take those deductions as well as other standards.As an investor it’s not a bad thing to show more gross income which usually allows you to buy more properties with more income and a lower DTI.

Hopefully soon we can add Midwest investor to the real estate accomplishments list!! As

None of the documentation you have signed/e-signed so far is binding.  

I would go much higher than 300k liability and do 500-1M if possible.HOWEVER,On your landlord policy it might ask if you allow pets, and if you do the TENANTS pets must be on YOUR carriers approved list as well.Hope this helps.

But, if you are not a professional REI, one adjustment I would make to what Katie wrote is that you would report the income (and deductions) on Schedule E (for rental real estate) since it is passive income, and you wouldn't use Schedule C. 

years ago I would sign up for a few but I found I dont want to be on a list were deals get sent to 200 people get the same e mail..

Although I plan on having a title company run a title search and run and O&E report on any property I plan to bid on, I've still spent a lot of time understanding the typical foreclosure property due diligence- looking up the owner and property details on the PA site, looking up the various public records, liens, etc. and trying to understand the chain of title as much as possible.

. 🤓 (1032 E Tucker St Fort Worth, TX 76104)

https://www.eventbrite.com/e/b...

Ask for referrals from colleagues, etc.Reach out to everyone on your list.  As