@Patrick Pan not all states take such measures, and you can ask a reputable tenant screening company in your area how that works.  

I suggest you enter private money goldmine in search botton at top right of the screen and read the previous posts....here is one that gives good perspective as well as a link to legitimate private lenders.http://www.biggerpockets.com/forums/92/topics/1488...

As in most things, It's best to draw from a number of resources to get different points of view. 

The IRS views it as taxable income because it’s not being used for the purpose of deferring taxes under the 1031 rules.For example, if you sell a property and only use part of the proceeds for the next investment, the leftover amount (after paying transaction costs, etc.) is taxed.

Hi @Tyler Bolton I hope I can help clarify given I see a lot of muddled points of view on these matters online.  

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.

I would love to get your views four months later.

I always recommend starting with a prequalification letter to get a solid view of your purchasing power before heading out into the real estate market.

I’ve been struggling with no bookings for two months and low view rate, and to top it off, the city just set stricter rules for short-term rentals.

We're trying to best screen the applicants and my original standard was 3x monthly income and credit scores of 650+.I recieved my first applicant which is a group of 3 (couple and their sister).