I can assure you that any returns that I quote are accurate my friend.

I'm only on episode 3 :( but rest assured I am all in, only 129 more to go! 

If you think you'll have a hard time finding a tenant or that there aren't lots of people looking for rental houses, I can assure you that is not the case.  

He assured me that he paid the previous owner what he owed her and I have no reason not to believe him.

However, there are also those who would say that if you yourself are an independent contractor and file those taxes on a Schedule C, you are most assuredly "in business" and that you are required to issue 1099s, even though the reporting mechanism is essentially the same as the first example above.So what to do?

I can assure you that I'd rather have to figure out how I can recycle 100k in equity than figure out how I can pay taxes on 100k in taxable cash flow.Here's the best part: you CAN cash flow in these "hybrid" markets (outside of the commonly used extremes CA/NY vs. the midwest).

I have to pay for stuff that i never expected on my multifamily multiple times.My take: Wendell assured me that a lease to own does not operate like a regular rental, in that the tennant buyer is responsible for ALL repairs & upkeep to the property.  

I like Attorneys and CPAs but not because they have the title.As a multi-state investor I’ve had similar situations with CPAs in a new state, but more of a blank stare after the assurance that they were absolutely correct until specifics are discussed.

I assured them it was on me, and left to grab some clean sheets and towels at my house a few blocks away. 

If I wrote the test I assure you most would be out of business and many wanting to become an instructor might find law school being a better choice.