The 10 April I’ll go 5 day in Florence Italy, and after, I’ll came back here, I have read the book, and a lot books like that, if you want send me a message in my e-mail, that we can talk better!!

If it is not in an LLC, you can report 50/50 the income and expenses on each person's Schedule E.

@Aaron E., There's no statutory look back.  

@Randy E.

I'm looking for a good all-around handyman in Indianapolis that can help me do some light rehab of a couple of units in my apartment on E.

Then I use the proceeds as 5 separate down payments of $200K for properties B,C,D,E, and F respectively. 

About $500 /yr for $2M in coverage.I believe the LLC makes no differences on your taxes, it's still reported on Sch E.

@Derek E. - Right.

@Alan E.

@Alan E., the answer to your questions is in your first sentence.The converse is also true: "If you don't make your money when you buy, you've lost money"!