A lot of lenders used to apply 35% for expenses, but in the last several years, the numbers for supplies, labor, utilities, taxes, etc… have increased significantly.Also take into account the age, occupancy and how has the property been maintained, this will affect the expenses too

@Brett RiemensniderYou don't need to provide anything to your tenants tax-wise.

Hi Kin,Transferring your share of the property to your brother may have tax implications, including gift tax if the transfer is considered a gift.

Same tax situation and more likely higher potential to appreciate faster.

.• Public Records & County Websites:Local county appraisal and tax records can be a goldmine for owner information.

Line Item Fee Collected Rents 10% of All Collected Rents New Tenant Search & Onboarding $500 Business Hour Service Calls $80/hour + Materials Cost + Tax After Hour Service Calls $110/hour + Materials Cost + Tax HVAC Cleaning & InspectionGutter CleaningSpring/Fall Exterior CleanupSeasonal Mowing & Weed TrimmingSeasonal Snow PlowingGeneral Contractor Vendor Cost + 10% Oversight Fee

I do like the tax benefits and leverage.

From a tax implication standpoint, it can be tricky but if done correctly, not a problem.

The houses would be looking at I'd imagine would be about 7 to 800 k taxes would be about 4K hire a year.

We were initially looking out of state for a potential move and or investment property just because the property taxes without being able to homestead, plus high cost of insurance, and harsh weather on homes made me feel like it might not be worth it.