You need to also take care of the following. 1.Fixing up a vacant rental so it can be rented out again.a.We had handy men to do most of this, but with 40 rentals my husband and I had to pitch in a do the labor ourselves as well.b.I would paint the house and garages.c.Husband would fix the repairs inside2.I would take care of the tenants.This entaileda.Taking care of advertising the homes (usually we had more than one vacancy at a time)b.Taking phone calls and screening tenantsc.Scheduling open housesd.Staging the housee.Interviewing the applicantsf.Making sure I double checked their application formsi.Criteriaii.Employersiii.Verifying funds and income3.Typing up the lease and making sure they understood the lease4.Then making sure the Tenants abided by the lease agreement5.Paid their rent on time6.And sent that Notice to Quit for Non Payment of Rent the very first day rent is late.On top of that I did my own evictions and I never lost a case and I dealt with the 36th District Court in Detroit.I won because I covered my butt by having everything in writing.I documented everything.Every phone call I made to them and every phone call they made to me.I never complained to a tenant because they called regarding a repair.I listened when they told me they couldn’t pay their rent, but even though I understood their problem, I made them pay their rent anyway.Landlording is about making tough decision and doing things you don’t like to have to do.Landlording is a Business.You have to not LOVE YOUR HOUSE.I can’t stress this enough.If you don’t know or understand that this is a business of evictions, damages, and injustices, and fixing this house up over and over again, you aren’t going to be happy let alone successful.How I wish I could be there for every new investor to help them understand what it’s like to be a landlord BEFORE YOU INVEST.But I can’t and that’s really a shame because it something every new investor should dig into before they invest.One last thing.

Justin, from what I understood reading the De Minimis regulations, you don't need anything special to use the safe harbor (no CAP, SRA, etc.), just have to file the election with your return every year.

Understood so have them put a lien on the property.

Understood.

If people actually understood the verbiage and didn't have all this BS guru information floating around I wouldn't have to make posts like this.

If I had, and understood the benefits of the SOLO, there is NO way I would have done the SDIRA, since I qualified for SOLO. 

. - thank you for being the only one that read and understood what I was asking.  

After that tax season, I understood and saw first hand the advantage real estate has in order to build wealth.Although you can learn business through self education or a class here and there, I feel like going to school for business (specifically accounting) has given me a "leg-up" because I understood certain things before I even started investing.  

This means several things:-Evicting them falls under the same rules (in CO that's ~11 days notice just to begin the process)-If they have been paying you(for example $500 on the 1st of every month) and it is understood that this is rent, that rate "becomes" the rent in legal disputes-Their bedroom door becomes similar to your front door.

Hi @Dennis Moynihan , I'm not sure if you understood @Alex Bok when he mentioned that you should try using "DAWGS" as a security system because DAWGS is the name of a company that can protect your properties from vandalism.