But constantly having to have 30k in my bank account for a downpayment when I was under contract constantly for 18 months took its toll.

An activity is a personal service activity if it involves the performance of personal services in the fields of health (including veterinary services), law, engineering, architecture, accounting, actuarial science, performing arts, consulting, or any other trade or business in which capital isn’t a material income-producing factor.7.

As a former resident of both islands, I was shocked to see the damage firsthand and to also see all the homes that where I once lived having to dig out from the sand that came with the surge.Coming back to my own home off the islands I could not help to think how this event is going to change our local area in the near-term.

The client copy of the tax return should include a depreciation schedule of each rental property that you have.If the tax return that you have does not include it, you should be able to request it from your accountant and ask if they can provide it to you annually going forward.The depreciation schedule will include the original cost basis along with the accumulated depreciation.Best of luck.

I'm not a fan of the Oxford House Moedl-they need structure and accountability.

Having worked with multiple property managers and now being part of a property management company, I’ve seen firsthand what separates a good manager from a great one.

A DSCR product is what you are looking for.DSCR simply doesn't take into account your personal income, instead we qualify the loan on the properties rental income (or projected rental income).Your credit, properties cashflow, loan to value & prepayment penalty are going to be the main determinants on what this loan looks like for you.

@Beck DeYoungNegative cash flow in real estate investing can be attributed to factors like low down payment, high housing costs, and poor expense accounting.

Hi, Everyone; besides Mercury Bank, are any banks allowing remote account setup, personal and entity? 

We see when it's a group of friends they usually keep each other accountable with paying rent, but we get their parents information in case it's needed.