If you have nothing to bring to the table you will find it difficult I always tell folks in this situation is to simply go on e bay you can buy every single guru's written materials and tapes for 20 to 50 bucks each guru.. listen to all of those read them all.. then slice and dice and see what fits your personality.no one ever said real estate is easy.. takes no money and will just fall in your lap.. its the polar opposite.. 

If the property is reported on the Schedule E of your personal tax return then you (or specifically your tax return) is the tax payer for that property. 

E-gad, but ok, its a pretty boring life being a landlord, finding deals etc.   

Assumption is that I carry the mortgage, 595k and also pay about 80k for the rest of the down payment, FF&E and interior updates. 

@Daniel E.

Originally posted by @Brad E.

Funny enough I married in to a family that does R/E development. 

If you took a HELOC on your primary to use to buy a rental, that interest should have been deducted on the schedule E for the rental. 

I take down payments from COTS and CVOEO and have never had an issue using part or all of e security deposit to clear up past rent or damages.Burlington is a great place to be a landlord so long as you’re good at it.  

Obviously, we are looking at raising rents but we are also looking at "Rubs" Ratio Utility Billing system as an alternativ e.