They pay the utilities (For water I am always on top of it, i ask receipts quarterly), heat and electric also belongs to tenant. (5) My section 8 tenants are very long term tenants, so I am trying to remember how it was initially ???

Didn't watch the game, but I hear I lost after being up big in the first quarter.

I have been using American Modern for my flips because its quick to setup and I can pay quarterly.

I suggest you refer to that unit as a detached "in-law quarters" perfectly fine, for lending it will be viewed as zonned.

I was on a payment plan with the old management company, because it was easier to pay monthly, as opposed to quarterly.

that's $1562 per unit per year, or about $400 per quarter or $130 per month per 1BR unit?

You have 18 more years than I do.So, is making between a quarter of a million to half a million dollars a year worth it for you to stick to it and finish?

You have a crap ton of forms, pay quarterly withholding/self-employment tax/payroll tax, give yourself a W-2, and so be prepared to spend money hiring a CPA and a payroll program/service.

Given a 1,000 yellow letter/month campaign and reasonable expectations on interaction and learning curve, we expect to close our first deal within the first quarter of 2013.

I was thinking in also in build a inlaws quarter and rent both, any insights?