I have a w-2 income and own three properties, all long term rentals, that I've had for a few years.

We take 20% as our management fee. 

Not a CPA or tax attorney but my understanding is the commission is income, taxed accordingly and deductions from the purchase are handled regardless of if the agent also generated income from that deal (if there are any deductions at all).

After three years of managing all businesses and properties, we built up our capital and transitioned into full-time investment in Multi-Family Commercial Units.Since then, we moved to Nashville, TN, got engaged, and have two beautiful fur babies.

Greetings to all. 

Hi, I just started using BiggerPockets and am excited to learn about the community and all the resources available.

I know in the 5 borough an individual can't purchase at auction, most if not all of those properties go to banks since they buy in bulk. 

Hi all! 

One schedule E is likely easier.Two Schedule E: If all 4 units are the same size then you are going to have the following: Schedule E #1:  for 3 rental units that is allocated 75% of shared depreciation, expenses, etc. 

There, you'll find detailed information on investing, both in general and specifically in Las Vegas.Before I continue, note that unless otherwise stated, the charts only include properties that match the following profile.Type: Single-familyConfiguration: 1,000 SF to 3,000 SF, 2+ bedrooms, 2+ baths, 2+ garages, minimum lot size is 3,000 SF.Price range: $320,000 to $475,000Location: All zip codes marked in green below have one or more of our client’s investment properties.What we are seeing:The chart below, from the MLS, includes ALL property types and price ranges.