@Brad JacobsonIf you obtain income for referral - you will be issued a 1099.The net income(gross after expenses) will be subject to federal tax, state taxes and self-employment taxes.Expenses that are deductible are ordinary and necessary expenses required to obtain new recruits.Renatus may issue some tax and legal strategies...but I am sure those are the same items that you can obtain here on BP for free.

While you can’t fully predict interest rate trends, you should pay attention to the Federal Reserve if you want to get an idea on those trends over the coming years.With the new tax laws, using a HELOC for that purpose is no longer eligible for a tax break.

At first, they said they would move to live with their children, then they said they would move to a mobile home, yesterday, they were crying to my property manager, they want to stay 2 more days until some government facility would take them.

Very sad that children can't have a swingset because of government bureaucracy.

You likely should not have had to pay any federal or state income tax based on the numbers you are providing.

I am interested in moving out and renting out the unit for extra income.Currently, our building has no rental restrictions in the governing documents but all 4 units are owner occupied.

The tax liability, assuming an investor is in the highest federal tax bracket, is calculated as .37 x $50,000 or $18,500, which is the equivalent of an 18.5% tax rate on the entire cash flow of $100,000.However, the depreciated portion of the property is subject to a recapture rate of 25% upon sale.

Alex, congratulations on your purchase.Typically people work with CPAs in their home state.Obviously you will have to report your rental income on your federal return and California return, and you may have to file an Ohio return as well, depending on your income from your rental.Now, Ohio's cities also has tend to have these "wonderful" municipal taxes. 

@Maria LunaThe documentation is the schedule E from your federal tax returns.

One paid, one vanished so maybe someone will say they’ve had horrible experiences but I doubt it would be government caused.