Last thing thougt of is have a little box of books and toys for little kids parents always appreciate it. 

As an example, last year we saw markets with 9% rent growth, and some with -5% rent growth -- so there is a large variance and I expect that to continue based mostly on supply dynamics as Scott said.

Originally posted by @Glenn McCrorey:BP brothers and sisters,  I quit the last job I will ever have today to focus on RE investing. 

A good friend of mine, managed a similar transaction last year: he merged several single-family homes around Florida and exchanged them for a mid-size apartment complex in Chicago.

There are several different types of income in the US tax code.Two main types are “active income” and “passive income".Active income is money you earn from working, such as wages from a W-2 job or income from running a business.Passive income is money you earn from investments like real estate, stocks, or rental income from your RE portfolio where you earn $ without actively working.Normally, you can't use passive losses (like losses from real estate investments) to offset active income like your salary from a W-2 job.That is unless you are an RE Pro.The reality is, that Real Estate Pro status is just a filing status similar to filing married or jointly.And if you are a real estate professional you CAN use passive real estate losses to offset active income from other sources.To qualify as an RE Pro you must:1.

I lived there for 3 years but relocated to Orlando last year to be closer to family.I think Jacksonville is still good overall, but it’s tough to make rentals pencil right now.

I also had a passive loss for the rental property in 2017.

Cat odor is far more problematic than a small dog, but I would check landlord references to confirm how they've maintained their last residence.

Anybody have a nice profit and loss template set up on excel that lets you plug in your numbers each month? 

As such, partnership agreements are something that I have been wrestling with the last month or two.Thankfully, there are a number of different templates out there for you to adjust.