They are also doing the same crooked billing for tenants.

Quote from @Bill B.: I assume not an owner occupant loan where Dodd-Frank would kick in. 

We have a proptech company as well called Utility Ranger which we used to automated our RUBS billing through our platform and drive profits.

There are a few local bills being introduced to give mom-pop homeowners more strength in dealing with evictions. 

Prime selling season starts in a month. 

Once your portfolio gets so big, you will need organization of your financials not only for tax time but also for your day to day, month to month decisions.

My total resulting expenses for that home including rent profit and bills are roughly $1200/month.

Quote from @Bill Hampton: @Brandon MorganAn LLC will not reduce your taxes.

If this $30k was instead invested in a taxable brokerage account, you'd pay capital gains taxes on the $70k of growth and be left with a tax bill as high as $14k.

Also, at this time I had seen properties selling for 10 – 20% over ask regularly.Interest Rate 30 year conventional 7%Homeowners Insurance = $1,000 annuallyRents = $1,800 per monthWhen I looked at those assumptions, I would need to put down $80,000 on this house to get it to hit my cashflow goal of $500 minimum per month which equates to 35% down.Total mortgage + escrow = $1,267.13 per month with rents at $1,800 my monthly cashflow is $532.87.From my experience, after taking out vacancy and maintenance costs you are left with around 73% of that total cashflow number once the rental is established.People have asked why a $500 per month cashflow goal.