Each property in my county is listed in the spreadsheet along with who is the owner and other attributes of the property.

Also, snow removal, if you live in a climate with snow and ice.Landlord Responsibilities: Landlord will at all times during the tenancy keep the premises fit for human habitation, and shall in particular:a.Cultivate, care for and mow surrounding grass, lawn, flowers, and shrubberyb.Maintain the premises to substantially comply with any applicable code, statue, ordinance, or regulation governing the premisec.Maintain the roof, floors, walls, chimneys, fireplaces, foundations, and all other structural components in reasonable good repair as to be usable and capable of resisting normal loadsd.Keep any shared or common areas reasonable clean, sanitary, and safe from defects increasing the hazards of fire or accidente.Provide a reasonable program for the control of infestation by insects, rodents, and other pests at move in f.Except where the condition is attributable to normal wear and tear, make repairs and arrangements necessary to put and keep the premises in as good condition as at move ing.Provide reasonably adequate locks and provide keys to the tenanth.Maintain all electrical, plumbing (main lines), heating, and other facilities and appliances supplied by Landlord in reasonably good working orderi.Maintain the unit in reasonably weather tight conditionj.Provide facilities adequate to supply heat and water and hot water as reasonably required by the tenant

@Grant Hosticka Thanks, I could have been a bit more clear for sure and will do better next time explaining my thought process.I attribute value to the land in order to get a more apples to apples comparison for the decision vs. buying an in place building. 

Then, seek advice from other investors on which ones are reliable, easy to work with, competitive, and all of those important attributes that make a hard money lender stand out as a leader in their marketplace.  

Smaller MF (2,4, 6, 12 units) is a hybrid of attributes of both worlds, both their advantages and disadvanages and one should be very clear about that. 

I am hungry for success and have many attributes to bring to the table.

The IRA is subject to generally nominal taxation on the portion of the income it receives that is attributable to the non-IRA - borrowed - money.When the IRA engages in a trade or business on a regular or repeated basis, then Unrelated Business Taxable Income (UBTI) is generated. 

There's a lot of shiny objects out there now that are luring people to ditch their 9-5 to become their own boss and find a lifestyle design model that they enjoy more than the one they're stuck in.Hey Odie, I’m not a lifestyle speaker so I can’t speak to that area.I’m someone that got fired from his corporate job in 2004 and have been self-employed ever since.I’ve had countless businesses that have failed 1) Safe and Sound pet care biz 2) Mobile Home King 3) Why Go Solo (tech company…what was I thinking) 4) Toolkit for Success 5) Note partnership (still love the lady I did this with) 6) Wallpix.I learned to take large amounts of stress and plow through the valley (as the bible touches on).3 businesses worked for me: Government Contracting, Landlording, and Note Investing…ALL THREE STILL PAY MORE MONTHLY.I attribute much of the success to the fact that I learned to be a business owner whereby I treated every endeavor like my next meal depended on it.Thinking about it now, I don’t recommend my course for anyone as there was a lot of pressure, soul searching, and lessons learned.On your topic, I think people should consider being more valuable to their employer to elevate their standing at work while building a side business.For me its about maximizing the number of income streams versus replacing one.The key to success (in my little mind) is to focus on building a business out of any venture you take on.I see a lot of failure because folks dabble versus assemble a business plan that they work daily.

Depreciation: As far as depreciation, apartments have a large value attributable to the building itself and the building portion is generally required to be depreciated over 27.5 years However, for mobile home parks, the depreciable costs are typically the roads, water lines, sewer lines, electric poles and so on.

But, if you only rent it for a year and the value is $145k, you're only looking at a tax bill of about $1300 (assuming all the value is attributed to the building and not the land, which it won't' be, so your bill will be a bit less).