[Note: There was a law that was to treat rental activities as a "trade or business" for Form 1099 purposes only, but it was repealed by by the signing of HR 4 (Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011) on April 14, 2011.]

Mike's E-book, this BP forum, a checklist, some guru's how to list, ect. that could be the real question as well as the quality of the content so that the comprehension can also be quality.Then at the Doing stage (those that cant Guru) we are all fearful the first time so a good true mentor (not a guru) does have value.

Your list is comprehensive, I would add a coach or mentor to help with the first one.Gino

It is not a comprehensive listing by any means.

The wording tripped me up which means it's not hard, but I need to slow down and READ the material for comprehension, not memorization.

There's a post by J Scott that comprehensively goes over many frequently asked questions.

I have been using Deal Check recently because it is thorough and comprehensive.

Are you thinking typical kitchen & bathroom updates and life proof floors in each unit or are you looking at more comprehensive repairs?

Check out www.biggerpockets.com/biz for a fairly comprehensive view of everything BP has to offer.

Cable - I just have a 25 mbps internet connection that runs me $34.99/monthTalking to one guy - his was $85 for cell phone - and $90 for cable/internet - $110/month in cash flow he could free up.Cars are another:All mine are paid off and I don't carry collision/comprehensive.