If you need financial help, ask under the "Finance, Tax, and Legal" forum.

We had just listened to a podcast with Marco from Norada as the guest (Passive Wealth Strategies for Busy Professionals: Demystifying Turnkey Real Estate Investing) and were reviewing the information about the notes on their site.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

Quote from @Emmanuel Rugamba: Hi everyone I am 26 year old professional athlete looking to buy his first home but also house hack in the process.

What do you file for this "income overseas," do you file SChedule C self employed on your personal 1040 tax returns ?

Title work Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Real estate's "gross rent multiplier" is Wall Street's "sales to revenue",  "cap rate" is roughly "P/E ratio".When evaluating markets and investments I tend to start with GRM (or lazily the 1% rule), then attempt to return a cap rate based on assumptions about costs, then I work my way to multiple years of projections (assumptions about inflation, amortization, tax benefits, etc), and if I am partnering with one of my smart friends I have to pull up an IRR (internal rate of return).I also look at regional employment levels, median income to rent ratio in the zip code etc. 

You should look into whether you can hire an officer to walk through your problem unit and have his professional opinion on whether they are smoking in the unit or if it is a residual smell.

Ask yourself, why would the federal government pay MORE than market rent and waste our tax dollars?

It's not our professional practice.