Me thinking the same like that before, til I make a realized capital gain of $120k in just four months.Even my contractor is surprised.I'm thinking more like stock trader rather than typical flipper when it comes to real estate, I examine home price appreciation extremely carefully.Just this month only I made another $120k from selling house , 120k from zillow predictable price LOL , I just time it correctly LOL

I’m new to this and thinking that I’d want to get the current tenants, examine the previous owners lease with them making sure it speaks to my preferred management style.Thanks,Kevin

What you can do is examine the comps/previous sale of that house and compare it to the neighbor, is the trend the same?

But the bigger issue is this: FHA loans do allow you to own another home, however, in order to use the rental income from the other home, one of the following must be true:The new home is at least 100 miles away from the existing homeThere must be a legitimate need for the purchase of the new home:Family growth (child, parents coming to live, etc.)More "reasonable"  commute to work - will be examined so can't be 5 miles away

It is more intensive to collect weekly and the books and onsite manager reflect those costs and time involved.The best thing when I work with clients or I am buying myself is to examine in great detail the tenant base.

Hi David, as these cases often drag out please let me know if your friend still requires a forensic accountant or fraud examiner! 

I would examine how bad I wanted these problems and exactly what they are. 300 hundred a month mite not be much if it's a tough one to manage.

I would confirm with your tax professional who can examine the specifics of your individual partnership.

Examine Schedule 1 on your tax return, it might have a clue.2.

Second, we need to examine if the standard deduction or itemized deductions are more beneficial.2.