A full O&E?

Derrick E.

He really knows the ins and outs of Sch E & C and how it flows into the lending calculation.

@Ricky Stafford if your rental properties are listed on your schedule E of your tax returns then no lease is required. 

I'll be at Grindbreak  (114 1st St E, Humble, TX 77338) on Wednesday from 5-7. 

first use a credit card specifically 4 the business on all purchases, never pay cash. same with the bank account if you can. then track all the expenses using something like Quicken. you can categorize any expense and even split an expense if it's partly personal and partly for the property.On the Federal Form E you can specify the percent of the property that is owner-occupied. that's really all there is to it, we've been doing this for many years living in one unit of a multi.

Not at this stellar price.....The HELOC interest is deductible on Schedules C and E...with the rental income.

Maybe Derrick E.

Generally military families (E-7 and above) are great renters as you have the option to call their chain of command if they are giving you trouble and the military already provides a predetermined housing allowance.

Larger Industrial property is a fairly hot area right now due to the e-commerce boom so you might find a bank that's interested.