You can maybe get one in NE or SE DC or PG county but then your commute will be a disasterCondos are not bad but you will not get as much appreciation.

I'm looking for a CPA in the southeastern Wisconsin area  who actually claims to specialize in real estate.  It's a daunting task to try and find a CPA who actually claims and actually does specialize in real estate a...

However, in this case, since he is a dealer - these installments are subject to SE tax, offset by business overhead expenses.In other words, if I use 6252, I end up splitting the business between two lines of 1040: zero-income/large-expenses Schedule C and 4797 gain.

It means you need to file/pay state quarterly taxes (B&O Taxes) on that Income and report a Schedule C business now that you pay SE tax on vs. no SE tax if that income would have stayed on Sch E as rental income. 

This would not be an investment, per se, but more of a homestead.

I'm looking at single family homes in ABQ NW or Rio Ranch SE retailing (is that the right term) at about $175K.

It feels like SE is the only place where deals can be found...

SE Tax, is it mandatory to take?

I'm brand new to real estate, because I was always told how difficult it is to buy a house, let alone invest in a property, but now I have learned that is all simply not true (I do know it is not easy, per se, but it is attainable with some hard work and diligence!)

His group does property management in the SE Valley.