Lottery winners are more likely to declare bankruptcy within 3-5 years of winning than the average American.

Negative CF says you are willing to pay your tenants to live in your property so that sometime down the road, future events you have no control over, will give you free money (appreciation), of which you can't be sure how much it will be, but you do know you will need to subtract all the negative CF from that potential appreciation, before you can declare a profit.Talk to as many agents as you want. 

The LLC will then issue a 1099 to you for the rent it paid which you will then declare on Schedule E of your personal return along with the appropriate percentage of expenses.

@Kelcee LuceroIn our property folders, I retain:1) Title Insurance / Deed2) Lease / Estoppels3) Repair invoices / Rehab contracts4) Payoff letters / Current note5) Insurance declaration pages / Property Tax Cards6) Photos of propertyI'm never prepared for an internal audit, but the above is my goal.

Sacrifice the GI trips to Apple Bees and muscle cars.

You can't go declaring bankruptcy and still expect to get financed, for example. 

If Tenant fails to pay rent when due and the default continues for seven (7) days thereafter, Landlord may, at Landlord's option, declare the entire balance of rent payable hereunder to be immediately due and payable and may exercise any and all rights and remedies available to Landlord at law or in equity or may immediately terminate this Arizona Lease Agreement. thank you in advance for your input!!

I advertised a rental one weekend and a gentlemen called Saturday morning declaring he must be the first the call as my ad was in the weekend edition.

Oh I love his phrase "You listened to people - you  made a huge mistake" - with his muscled face.

So, if she were to receive $1,700 for Cash Flow had Sarah NOT moved in, but receives ZERO because she lives in her Investment, then her rent to herself is $1,700 and the $1,700 is really her positive cash flow.She also saves a lot in taxes as she declares less Income.