The concern he had and to be fair he said he needed to research it (i am just doing some of my own) was that since most of the work and hours will be conducted in LLC now and the LLC does not own the property would that create any issues with my ability to file a schedule C and claim depreciation and losses, etc?  

He enjoys the outdoors, living close to work, and the public transit system.

I’m at lunch at work and my wife is getting out of a yoga class and I call her and she’s like, “I have no idea what’s going on.”We’re trying to interpret the pictures and some of these are just like a picture of the microwave, a laptop on the floor, a vanity light with one bulb out.

I want to note, and this advice is not unique to Lifestyles Unlimited, per se, but there are a lot of newbies that go through these various courses, do the 20-100 hours of course work and then feel adequately prepared to start hunting for deals with investors money.Remember, just because it is real estate does not mean there are not major risks.  

The first step toward this goal is for the city council to recognize the harm caused by maintaining a high commercial tax rate, which drives companies away from the city.Hopefully, we can explore more avenues to generate employment opportunities for Worcester residents, empowering them to work and sustain themselves.

Though, if the home needs a lot of work and you don't have the rehabbing experience - it may cost a lot of time and money. 

Equally important - would this return be greater than your other alternatives, such as the equities market, private lending, investing in a private fund, etc, once you account for the work and risk?

Please include:When and how is rent to be paidWhen and how are utilities going to be paid (if any)When and how is the cleaning going to be (if shared or provided)What are the costs associated with damages / breaking stuff / calling a technicianWhat are the costs of breaking the lease, finding a replacement if you are doing short term leases on the roomsIf they lost their keys or check bounces what is the charge for it, how the cleaning of the common areas is going to work, and enforcing quiet hours.

Not to do repair work and not as my agent.  

A wise investor will not try to get rich quick with shortcuts.