I am not opposed to making this my primary method of income either.

My answer, yes I currently am buying a $165,000 property in Phoenix (not listed on the MLS) using one of my methods to find, using only $5,871 plus closing costs of my money.

I’m wondering what all I need to provide my tenants with this year as far as taxes are concerned.

This is why this method is so powerful.  

Used houses in the area sell anywhere from $75-125 a square foot.These are long term rentals that I do not plan to sell.I am reading the Rental Property Investing book and implementing the method that focuses on cash flow and that strategy states you need to have $300 cash flow per month, per property.

Thanks in advance.Hey Cosmo,I do think there is a growing concern towards the reliability with section 8 with varying administrations right now.

My method has always been to call every listing that hit 90 days on market in areas that I want to buy.

I'm more concerned about the drip-edge/ flashing on top of the roof.

That is where the concern would be for me.Yeah, older tenants may think that it automatically makes someone a criminal of something, but I would just explain the card and that it at least, in theory, has a medical purpose, unlike cigarette smoke which kills the smokers and everyone else around.

We have zero concerns of squatter in SWFL.