Quote from @John Underwood: Absolutely save money for reserves.When I first started in Real Estate investing, I reinveted every earned dollar back into the business. 

Quote from @John Underwood: I bet there is nothing you can do about it.It's on his property.

It's just I came into this with a background as a classroom teacher and high-stakes language exam coach and I really didn't understand the immense help that my experience managing the student-teacher relationship has given me in learning how to manage the landlord-tenant relationship.I also had no clue how much of a leg up that same experience had taught me to deal on a personal basis with public officials such as magistrates, code enforcement officials, court clerks, and of course law enforcement officials, here in PA most notably our state constables.The last thing that really helped has nothing to do with me.

I am with @John Underwood.

Yeah agree with John - that HOA might be a deal breaker..

John

Quote from @John Warren: @Oleg Sergienko welcome to the forums!

Or if there are any reliable "coaches" I can consult with on the matter. 

Originally posted by @John S.

Quote from @Vik John: Quote from @Melanie P.: You will report your rental income and expenses on Schedule E.