Or providing substantial services in conjunction with rental activities can subject to SE tax (hotel like services...room service, daily cleaning, meals, free shuttles etc).Being a REP just defaults the classification of the rentals from passive to non-passive. 

thats a monster pad. lol, it's a bit more to clean than the 988 sq ft house we were living in when we bought our 1st duplex.

Prior to clean up make an inventory even if burned.  

Quality of the CourseOnce you get started, you don't get a correct introduction and just bombarded by an armada of information.

It has been best to anticipate wildly different ARVs based on not only the property details, but also the quality of the finishes that are used.

Saturation is definitely upon us but quality product continues to get booked just like other markets.

Buy a quality property, stay away from the hood, rehab it as if you would move in, take your time picking a tenant, you'll be find.

Many education programs that could be scams promote junk services and the quality of all they sell or promote is definitely junk. 

Also due to price increases you can probably cut a better deal on an existing home and probably get better quality too.Normally you'll probably need a couple of years of income to get a loan. 

Pro formas don't show crime rates, vacancy because of said crime, and overall quality of tenant.