The rest of the funds received will be considered a return on your cost basis and non-taxable as well.

I hope they get back to having every day investors who built a portfolio from the ground up, house by house and can talk about how they did it and the different strategies and routes they took that others can learn from and deploy as well.

If you ever look at your tax returns on those schedules they have an even smaller list of categories.When you have someone handling your books, you will be utilizing a bit more GL codes so you can have a better read on your financials on a month-to-month basis to see if you can make any changes.

@Zhihan Wan if you’re in colder climates then I wouldn’t extend the lease on MTM basis since you’ll likely have the same vacancy issue this time around.

Dave, the basis of the insurance premium formula is sq/ft. 

I was not interested at 1.2 mil but became motivated buyer when I could buy it for 800 and get 100k of upside I said sure why not..3.   3 houses  125k closing i put up all the money  he had two of them sold for 100k and that closed 5 days after we bought it so basis on the last house is about 25k .. and its on the market for 89k. 

One of the major issues with Zillow is that their Zestimates often rely heavily on a price per square foot basis, which can be quite inaccurate.

I don't enjoy nurturing and closing sellers on a regular basis.

She was venting about how clunky and outdated the tools she uses every day are.

I help folks buy and sell STR's every day.