Review your prior year income statement.How did your year go?

Can you lease an apt under USDA low income and have someone else live there???

Note: We do 50+ investment property loans a month and the most important thing I tell BUYERS of properties being sold as or soon to be STR is make sure you are paying the market price per square foot and do NOT buy based on income approach/CAP rate.

Having watched many prior co-workers get paid, cash their check at the casino, and promptly deposit it all into a slot machine I can tell you with pretty good certainty that casinos don't have a positive effect on disposable income and good use of the existing income in the area surrounding :)Are there solid local employers OTHER than the casino in a 15-minute drive? 

However, what if you prefer simplicity, limited risk, and are living off of the income? 

I want to dispel the myth that laundromats are passive income.

With Plus, you can use Classes to separate properties and accurately track income and expenses by unit.

Their income is only 3X rent, they lack credit history, and the household is much larger, which could result in more wear and tear.

Could someone explain that to me or if there’s anyway to deduct those expenses.Hey Troy,  When a property is not “in service,” it means it is not yet available for rent or generating income.

Quote from @Michell Chase Chase: I registered my LLC in Wyoming and was not told anything to that nature..but my investment property is in NY so I also have to register my WY LLC as a foreign entity LLC in NY as I will be generating income in that state...