I am currently collecting rent via Venmo as it is convenient for both me and my roommate and I also believe that this could be used to show proof of income (again, correct me if I am wrong). 

@Vincent PopovskiWelcome to BP, and congratulations on making the decision to invest in your future via real estate.I have written a few blog posts that may help you get started here on BP, and with your investing.

This gives you debt pay down, hopefully market appreciation, forced appreciation via improvements and tax benefits, lots of tail winds. 

@Stefani GillenwaterWelcome to BP, and congratulations on making the decision to invest in your future via real estate.I have written a few blog posts that may help you get started here on BP, and with your investing.

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Understand you can not eliminate all risk, only mitigate it.

(bold is from me to draw attention to that specific line) I will send login information via email shortly. 

Hi @Matt Speer and @Mihir Bhimaraju Would you guys mind sharing on here or via DM any names of heating/cooling people you liked?

During such - via text message ((in writing)) the applicant made a derogatory remark regarding the competence of the utility co rep and made other disparaging remarks about the process of obtaining utilities. 

This deal fell into my lap on accident.

For shorter depreciation period, you would have to allocate purchase price to the various properties via cost segregation.