Gene,Best two ways to make money and buy multiple REI's quicker is either "All Cash" purchase of a property and immediately do a "Delayed Financing" loan.

Full disclosure, the gene that allows me to get flustered never matured. 

And there usually already in there new home, so it's vacant, and with that one big fat expense just sitting there eating at them month after listing month it sit's. 

I love helping other investors do their first deal and make a FAT pay check.

As of late, some of the other big players have been trimming the fat.

@Francis-Gene Acosta I would actually recommend contacting TransUnion as they should be able to pull the report and get more information on the address that caused the flag before you ask the applicant about it.  

Permits keep your city/county’s pockets fat, so that they can sit around a table and come up with more ways to swindle you out of your money.

Anyway, that sort of stuff aside, the details of my expenses are as follows:Repairs & Maintenance - $1787.27Tenant Sourcing Fee - $0 (however, there are $5085 worth of debits / credits in this group, as described above)Insurance - $1660Mortgage Payments - $14,456.70Landscaping Services - $1440Utilities - Electric - $928.04Utilities - Gas - $1133.64Property Management Fees - $2885.52Utilities - Water - 568.28Unless I fat fingered something, those should add up to the $24,859 expense total, resulting in $13,009.55 in net income.

I think you're the expert.I avoid skinny deals and look for fat back ends.

Treating those profits as capital gains is inexcusable and your CPA may have set you up with a fat penalty if you are ever audited.