If you go self-employed, youll need two years tax returns.

So how do I avoid talking about airbnb.   

I’m in the 33% tax bracket through my real job and this could be a big difference in taxes owed if we sold the property?

Some are owned by my ROTH IRA and are making tax free cashflow.

Give your state's 'cure' term ("In New Jersey, a tenant has three business days to pay rent and court costs after a judgment of possession is issued to avoid eviction.

We have an early termination setup that we use to avoid these kinds of issues.

However, I have heard and read of many horror stories of landlords working with incompetent property managers who provide no real value.In attempt to avoid this issue, I am doing my due diligence and asking investors for referrals of trustworthy property manager.

Fail to produce K-1s in time for LP tax returns to completed on time, refuse to communicate with LPs, when LPs start to express frustration.Cheryl

And finally, What are some common mistakes new real estate investors make, and how can I avoid them?

4.Tips to avoid similar issues in the future?