A lot of investors push the book Rich Dad Poor Dad, which is next on my list. A

I dabble in options, peer to peer lending, and am currently looking into e-commerce.

Send me a e-mail and I will be happy to share more details with you.

Then I can generate income statements to do the Schedule E's.

Your rental activity is reported on Schedule E, and there is no income tax liability associated with Schedule E.

I'd recommend getting the proper E/O insurance (both for yourself and the Broker), as well as a good amount of General Liability insurance for yourself - but this ends up being peanuts compared to what you would spend if someone wanted to take you to Court over a minor trifle... and had the evidence to prove you weren't licensed to perform the duties of a PM.

Why can't you say "My role is to find you a buyer who can pay cash and do it as quickly "  Give m"e 'x' days and if I can't do it then no harm, no foul"  If there is a drop dead date then don't take on those contracts if you cannot buy it yourself?

I have my first rental property, a condo that is in South Plaza Kansas City. I previously had it rented put to someone I knew, but he moved out so now I am listing it online on Zillow, Trulia, Hotpads and Craigslist. ...

In this day and age, a simple text message/e-mail stating that she has moved out and whatever property is left over is considered abandoned is too easy not to get.

They just count toward your basis, and can reduce any gain when you sell.Part 2: Mortgage Interest and Real Estate Taxes 75% will be deducted against rental income on Sch E 25% will be deducted as itemized deductions on your Scheduel A (If your itemized deductions are above the $24k required for 2018 to be able to itemize) If your itemized deductions are below $24k- you get the $24k standard deduction instead and nothing happens with that 25% of the interest/re taxes.