Good post.We use a competent SEC attorney that creates all our docs and does the state filings. 

This is day to day spending, rent collection, tax/utility payments etc. (1) account for all security deposits, (1) account for parachute fund, capex items etc.

Hey all,Glad to be here and grow with you folks. 

Let’s talk strategies to help all of us keep more of our hard-earned money!

But yes; if a rental generates net income after all expenses that is still taxable. 

Quote from @Brian Kohtz: Hello all. 

. ($16,900 total)You can take 33k each year and pay $3,300 in taxes all 3 years. ($9,900 total)Obviously this is simplified but unless you expect to make much less and be in a lower tax bracket in the future those deductions could come in handy.

C class area I wouldn't want to be all in (purchase plus rehab) for anymore than 75% of ARV since I know that's pretty doable in the Pittsburgh area.Deal #4Basically same criteria as above.

To be more specific about what i'm looking to do: My 1-2 year goal is to employ the BRRRR strategy with SFHs and Condos by buying distressed / highly undervalued properties that need work (preferably all-cash) in low crime areas with strong rental demand, renovate them within budget (again preferably all-cash) and get them rent ready before refinancing them at the highest ARV possible.

One meter reading for all usage or like some small communities a set price for each occupied home?