It's hard to say as we don't know what it looks like.

I would say a fee between $1500-2000 for the tax prep is fair. $400 per month for tax prep is way too much.

Buy quality, screen tenants, stay in better neighborhoods and say a prayer.

On top of that tenants say a lot of things that do not come to fruition & or get followed up on.

Like not being able to say the house is a split-level or a bungalow or craftsman.By not being able to say a neighborhood is quiet or rough, it leaves the consumers (that the 'law' is meant to protect) more in the dark.

so it sounds like if i get a loan using my SDIRA as the down payment, i would have yo pay UBIT on the loan amount. so say a loan of 100k with 1k per month in income. 25% down using my IRA. i would have to pay taxes on $750 per month for the first year. then slightly less than $750 the following year because now the loan amount has gone down, and eventually my taxes would become $0 if i held it for the 30year term or so.

Would a good 1st move be going to the bank just to see what I would qualify for in say a 203k loan?

Utility collections go hand-in-hand with that, if they don't pay their lights/gas, their home expense isn't top priority (over say, a cell phone payment or cable), so you can expect rent won't be top priority above all else.I rent mostly in low-c areas to immigrant populations, so my tenants don't always have social security numbers and credit scores.

@Scarola Markson When you say a closer, do you mean a title company/lawyer?

Again I can't speak to how much intrinsic satisfaction you get from your work, however - building something from scratch, or re-vamping something real and tangible that has a big impact on a community I'd think might provide a more meaningful day to day.On the pure financial, per above - let's say as an example you could create 200k-250k worth of net worth (less liquid, sure) per year - producing 30k/year income at year 2.