The first year is probably the most crucial year, as you will need to calculate the cost basis in your rental properties, which will influence your depreciation expense on Schedule E.

Other one I did its just moving along fine no worrisome e mails no hints of cash calls superior communications etc etc.

Here are the terms:• 12-month term• 17%Interest(Annual)• Quarterly interest payments• Securedbyequity(not real estate-based) • $250k minimum investment• First-come basisFeel free to book a short 10-15-minute call if you're interested in learning more.Marco SantarelliPartner, Money Is MastermindBook a 15-Minute Call With Me Here----~---------Please notice that nowhere does he mention in his new solicitation the problems his business is encountering in the previous week’s e-mail !!

I feel like I e read before that 25% of net profit is a good rule of thumb to set aside for those taxes, but what have you all found to be true? 

I would actually suggest you spend that money to get your real estate license and hang your license with an e-brokerage. 

@Jeremy Altdorfer  Just adding to the above, the rent should be on Sch E of their tax return. 

I do these project, but I am going to PM you the contact info for an A/E with a lender that does larger investment projects like this.

stacks of capital for unexpeeccted repairs, zoning, headaces you simply can NOT forse e until it happens, and 6 months of the mortgage in reserves for vacancy/ job loss. 50k an d8k in credit is mayb safe to by 1 property. that 38k you think is left, not nearly that will be left over. so what is leeft..... theere are your reserve. you have noting left to get another property

E  I ended up joining Thach's mentorship program "Springboard to Wealth" after not really finding good support on Bigger Pockets. 

As a single-member LLC, the IRS considers it a disregarded entity, meaning the income, expenses, and other tax-related items will still be reported on your personal tax return via Schedule E.