I understand those facts, I have not done residential landlording in almost a decade, I did take a course in LA in 2004 on Residential Rental Management, but use it or lose it is my memory mantra, did not use the info, so it is distant in my recall, even so, if I remember correctly... if a landlord cannot rememdy the heat or water issue and there is not anything to the contrare in the rental agreement, the landlord would be responsible to house the tenant until the heat and or water situation is cured.

You will have to qualify for both loans based on your existing income.A common trick in the not-too-distant past was for someone who was about to have a problem making the payments on their existing house to buy a new, more affordable house and to claim they were planning to rent the existing one.

So here's a question: if you owned a McDonald's restaurant (or any other cash flow-based business) and it was your main income source would you want it local or distant?

I'd guess that no more than 1% will still be in the rental business in any significant way in the distant future.

I´m too distant from Ohio, yet the owner will send me a full report to my hands.Now my question do the interested parties.

Hey Everyone,

So far, I only have experience investing in the Memphis, TN market (buying my first duplex just 3 weeks ago). Although its a great market right now, I don't want to put all my eggs ...

Again...Profitability first, taxes benefits a distant second.

If so, ask away and the good people here on BP will be happy to help.See you around the site and I hope we can get you up and moving with your first deal in the not too distant future!

Most were in outlying areas, distant from employment, schools, shopping, most social interests, and public transportation.

I have a distant cousin who has a subsidized USDA loan on a 3/2 home.