Now that I am in position, I would like to place a mobile home to generate some passive income, but I don't want to use my savings for the down payment.

It would depend on your income, location and price of the home. 

I know of other softwares, like Baselane that handle income and expenses all in one place.

Lastly, always keep your job and build your employment foundation because that keeps you income relevant and lendable.Hey thanks for your reply!

The only taxes I remit directly now are the tiny town tax they implemented of 1%.I just take my net income spreadsheet and calculate the 1% and give them a check.

Investors in these type deals look for say 12 - 14% annualized return.  

The reason not to upgrade, is that you won't get that much more income for the cost of the upgrades.  

If you did a cost segregation study on the property in the past, you may have to recapture the depreciation taken in the past.capital gain tax rates are 0, 15 or 20%There is also a potential 3.8% Net Investment Income Tax.Also, don't forget state income taxes depending on what state the property is located or your state of residency.Best of luck!

Win, Lose or Draw he's still in the records from your filing;-)Housing Court Judge, speaks to us at MassRealEstate dot net annually.

Mortgage lenders will qualify you for a higher purchase amount for multis than they would on a single, because they will count the rent you will be making on the other units as additional qualifying income for your loan application.