Ultimately, if you're not considered a real estate professional, then you can only write off up to a certain amount against your regular income (25k maybe?).   

Aside from disclosures, which I think can sometimes hinder a purchase or a sale, it's a lot harder to play dumb as a seller when you are a licensed professional. 

I have a high income as a healthcare professional, so the negative cash flow I can easily manage. 

Readers should seek professional advice.I believe the Note creates liability for the loan, the mortgage creates a lien on the real property that secures the debt. 

It will be difficult for you to learn how to manage rentals on your own, particularly in the most litigious corner of the world.I would consider working for a professional property management company if I were you.

Let the professionals do this properly to not have to worry about breaking your title insurance, or at least ask your closing agent if a Quit Claim deed will void your owners title. this could be different in each state. #5.

And I am also going to organize a workshop that the entire GrumpyHerd, should attend where I will show everyone how to customize the sites so it is credible, 100% unique, that it looks professional, and most importantly, that it converts.Keep an eye out for that.

LTR or Mid-Term RentalIf STR doesn’t work out, consider mid-term rentals targeting professionals, which could offer higher rents and more stability than long-term leases.3.

Readers should seek professional advice.

My name is Greg Cubitt, and I’m based in Syracuse, New York.A Little About Me:I cam a professional software engineer and have always had a passion for real estate.