Depreciation is another powerful tool, allowing you to deduct a portion of your property’s value annually.Action Step: Keep detailed records of all expenses and consult a tax professional to ensure you’re claiming every deduction you’re entitled to.3.

The info he claims to have is easy to find on the net or in a book but why deal with Section 8 housing problems when there are so many other investments that are nearly hands-free? 

Any property that has a claim will be tough to get through escrow.  

An attorney is not needed provided your not making a claim of fraud or misconduct/damages are being sought. 

Second, what priority does your lender's claim to rents have? 

You lose all power when giving your money to some hopeful person called a syndicator who often puts little to no money in the actual deal and whose only claim to fame is that he may have an over hyped deal.

You can put as little as 3-5% down and still legitimately claim the property as a primary residence which gets you better terms. 

Good Morning,I am a former Claims Specialist with the Social Security Administration and currently unemployed homeowner who is looking for guidance on how to gain property management experience here in the Central Coast of California.My wife is the only one working at the moment, so times are tough to say the least.We're looking to rent out a portion of our home in order to save up enough money to purchase our second home (or multi-family unit), rent that out, and begin to expand our portfolio. 

"Managing" on a listing platform is not going to pass the IRS sniff test and good tax preparer will not let you claim active to get extra write offs.

Also, most Umbrella Policies only pay out if your underlying policy pays out, and the underlying policy will do everything they can to find an exclusion or that you were negligent (which you probably were) in the cause of action to get out of paying the claim.