Amy, I'm local to you, although I don't know where San Tan Valley is unless you're talking about down in the SE valley by the San Tan mountains and Queen Creek?

Rental RE activities are per se passive but can be made non-passive if the taxpayer is an RE pro who materially participates in the activity.Cash flow is not what you're taxed on. 

Cap rates are beginning to look very attractive, especially when compared to other rates of return in the se debt markets or risks in the securities markets.

And with the traffic here in Tampa Bay se (especially US19) it would be worth the money no doubt.

As I'm still investigating my options I thought I would submit my questions.
- Currently own a 2/2 condo with no mortgage. Same tenant for the last 18 months at $825/month.2005 price of condo new 116K I paid 20K cash....

As you start doing more deals and getting more assets (btw this advice @ not using an llc assumes your not a gazzilionaire and a major target) use the money you saved on your first few deals to se a good attorney and accou tantrum to get set up correctly.

Hello everyone, I'm a newbie from the Southeast Michigan area. I'm currently interested in wholesaling and buying rentals to build long term wealth in this depressed economy! I look forward to networking, learning and...

3/1 single family located in a lower middle class neighborhood.
1150 sq feet
Asking price 20k
Partially rehabbed
Newer furnace and WH
Rents $750-$800 month
Estimate 3-5k to finish rehab (my standards)
Owes $9500 on b...

The time to do that, of course, is when the annual budget is discussed at the annual meeting.Thing is, if your association is like our HOA, the budget does not actually get voted on, per se.

What I realized very quickly was that I wasn't scared of flying, per se, but instead was scared of the fact that I had no control when I was sitting in the back of a plane.