You will need to deduct the expenses and include income on a schedule E of Form 1040.  

If someone represents themselves as private lenders, check them on NMLS consumer access to see if they are licensed.

I am always fully transparent and the owner in that situation is a long standing business associate that knows my character, experiences and background, strengths and weaknesses included.

This video is a great start and includes a lot of sample images (good and bad).

Hello, I have a primary residence and about $10k in bad debt (not including car note, student loans and a small medical bill).

Charge the tenants a higher rent rate and include utilities with their rent.

Interestingly, the records do include the downstairs space as part of the livable square footage.

This form is included with the Illinois Eviction Notice on this site, and will be necessary if you have to file a Complaint against a Tenant for Eviction (next step).Filing the Complaint If after receiving the Notice of Eviction the Tenant has not paid the rent or cured the lease violation (if they have that option), then the landlord must sue the Tenant for eviction by filing a Complaint with the County Clerk's Office in the County where the property sits.

On the RE side - I own/developed 2,000 residential units across the United States focusing on opportunistic residential acquisitions and development, including student housing conversions and luxury multifamily development.On the startup side - it is a third-party guarantor platform that expands your renter pool, increases rents and occupancy, and ultimately boosts your NOI while broadening affordable housing options for renters.

I'd say the logical paradigm in the question is a bit off.CRE includes everything from airports to golf courses to hospitals to campgrounds.So saying "residential versus commercial" is like saying "bacon versus plant life."