I plan on holding this property for 30 years (I'm 34) and will live in it for at least 5.

I'm excited for the opportunity to use what I learn to make this deal happen.

@John Zhang If your wife qualifies for Real Estate Professional Status (REPS) and materially participates in managing rental properties, there is no limit on the amount of rental losses, including depreciation, that can offset your W-2 income.

Your lease should include a clause that the tenant is responsible for maintenance caused by a dirty filter.

My main concern with this this is it's a separate asset that has to be attached to the structure.What happens when you need to have the roof replaced they're going to have to detach that thing.

Here are the notes I've received from other BP contributors, including Lisa Marie and Ke Nan Wang:Send a normal residential lease agreement to my attorney and he modifies it to implement the following:1.

That does not include any expenses, vacancy, etc.similar rent minus PITI does not equal cash flow.  

We are in 11 markets, including Huntsville and would be happy to set up a call to talk over some options. 

I specialize in this type of transaction and would be happy to have a conversation including why they may not be a fit for you. 

Featuring stylish, modern furnishings and vibrant, fun amenities, this home is perfect for a variety of short-term rental visitors.