Use cash flow to pay personal bills (wife is pregnant and I want a safety net).Mid term: 4-10 residential properties over the next 3-5 years as capital allows.

Offer Price and Rental Income:With an offer of $525K and a mortgage payment around $2,633, the rental income you’ve estimated ($2,000 for the lower unit and $2,600 for the upper unit) should comfortably cover the mortgage and taxes.

I’m a U.S. citizen who has lived my entire life abroad, but I still submit my tax returns annually.

He obviously wants to stay in the home but pays way under market value for local rents.

One's name is Bob Diamond - America's Tax Sale Attorney and the other is Shawn Buige and his system is called Surplus funds riches. 

However, only one person has been paying the taxes on the property - the gentlemen I went under contract with.

Big chunk of your life insurance premium goes to pay insurance salesman commissions so you have negative return from day one.Pay less taxes: contributions to an IRA are tax-deductible so it will help you pay less in taxes.

Some keys for managing remote that I can think of are:-Leasing, are you going to pay local agents to do it or use self showing software like showmojo or tenant turner.

Hi Folks,Need some clarification on this complex topic.There is a lot of discussion on these tax nuances in BP forums, so I am happy to read any particular thread you can point me to.Basically I have a W2 (above income limits) and I am a General Partner in a multifamily deal.I have received 2 K1s from this deal (one as a GP) and another as an LP (since I put in some of my own money).Am I allowed to take the K1 losses from this deal to offset my W2 income?

Looking over the spreadsheet, it seems a little difficult to compare as it seems like it takes an apples to apples comparison where it assumes that if I did not buy a say, $1.5M multifamily, I would be paying 1% of that amount in rent if I kept renting.