It just shows up on your schedule e like a regular property.Other benefits are: limited liability/asset protection, reasonable minimum investment ($100k usually).Note that these do have risks just like any real estate and they are only available to accredited investors.

They could have owned the home for many years and if homesteaded, are limited to up to a 3% increase each year.

Third: even if your new toy qualifies for a huge depreciation deduction, your allowable deduction may be limited, and may even be zero.

You'll invoice the tenants on whatever strategy you set up in their leases.

Set the terms right and the profit will follow.

However, a lot of concerns can be mitigated with looking at their past rental behavior in a lot of different settings.

If you don't foresee any major obstacles to qualification, I'd be happy to set up a viewing for you.

I think we both agree that my team could have done better on the front end at setting your expectations from us on timing and availability of houses that meet your needs.  

My business partner and I bought into it  quickly saw its limitations then just as quickly canceled our service  within two weeks.

While cash flow can be limited within the downtown area, there are still excellent opportunities for cash-flowing rentals in surrounding regions.