Your returns could be increased if you are willing to rent it by the room to individual students. 

I keep seeing more that I need to learn before I move forward on a property. 

Oh well.However, if it does come back, what I found was that creating the optional "Individual" FinCEN ID makes things a lot easier. 

I learned a lot from both projects and hope to learn more. 

I understand I can increase liability in each individual landlord policy, but one single umbrella policy is much more cost effective when I have multiple properties.

When I partnered with friends on a multi-unit property a few years ago, we chose individual umbrella polcies from our personal providers.

Whether its for investors, agents, or just a general meet up for like minded individuals .

There will likely be a partnership return required where you flipped a house with a partner and lost $120,000.If you sold the other property within the same partnership, it will also be reported on that partnership return.The net result to you is that you will receive a K-1 showing your income / loss which you then use to report on your individual return.If you made no money within the same year, you likely pay no additional taxes / get no additional refund.Best of luck.

They view each loan individually and have been lending to me even though I only work my W-2 on a limited part time basis.

Can anyone verify this is OK or is it state by state-regulated based on their individual jurisdiction?