This is the BEST $100 you will ever spend, and if you listen to Amanda Han's tax book, you'll know it's also likely a business expense for you to write off :) https://biggerpockets.supercast.com/My perfect way to learn from the BP books is to listen to the audio book through the subscription above, then books that really stand out to me I go old school and get the physical copy so that I can re-read it, take notes in the margins, and put post it notes so key points are easier for me to re-reference in the future.

It's a balance of cashflow and wealth accumulation.One of the goals is to have tenants pay as much of your cost-of-ownership as possible (loans, taxes, insurance, etc.)In high-cost areas, any Class A or B property you buy will usually negative cashflow for the first 3-5 years, until rents rise enough to cover the negative cashflow + rising taxes & insurance.Investing OOS increases your risks because you may not know the market and you can't check on everything/everyone all the time.If you move forward with your buddies, HIGHLY recommend creating a solid Partnership Agreement!

But, you still own house and benefits are as follows.1. tax benefits2. principal payoff on your note.3.

I recommend that you look at Notice of Defaults, Vacants, Tax Liens or Probate. 

Does he understand, Deeds, Due On Sale, Insurance, tax implications, servicing, contracts and so on?

Keep in mind taxes go up as do rents.

Sometimes the recorders office may not be online but the tax appraiser is.

An other advantage of paying with credit card may be that you will not have to send the provider a 1098 tax form (only an issue if the total yearly amount is over $800). 

Am I setting myself up for a tax nightmare?

.: The applicant needs a social security number or an individual tax ID number (ITIN).