These included cash buys for flips, seller financing, and subject-to deals.

Use umbrella insurance as an additional safeguard, especially if you opt not to form an LLC.Avoid S-Corp taxation for rentals, as rental income is passive and not subject to self-employment tax.

You could have used that $8800 to possibly have partnered with someone locally that is already doing the subject to deals to figure it out first hand.

My understanding is profit from lending is considered "taxable income" and is therefore added to your income and subject to your normal tax rate after all deductions, etc.

Quote from @Jamie Banks: Here's a few things I include in my MTR lease- Utility caps- Outline of the furniture that is included- Details regarding which utilities are included- Outline who is responsible for lawn care / snow removal- List of fees (admin fee, cleaning fee, etc) Hi Jamie! 

A well-outlined list of finable offenses in the lease works wonders.

After doing what I felt was enough research—even though the sales pitch was a bit pushy—I decided to move forward.Their pamphlet outlined several guarantees and provided additional details.

When you go to sell, you're subject to tax on the amount of profit between your adjusted basis and sale price, not your purchase vs sale price.Recapture is not repaying the depreciation.

I REALLY like that he asks deep questions and constantly probes his podcast subjects.

Although many properties with a specific zoning code are technically eligible, they would be subject to an extensive waitlist that could last years.