Did you expect it to be that lucrative when you made the purchase?

But I want to now purchase a house with the first time housing program, would I be able to?  

Whenever he moved out, he made an arrangement with the most responsible tenant on site to become the PM of the house.

I would love to hear everyone's thoughts!

You have to complete Schedule E if you have rentals.You should check if the turbo tax premier version allows the filing of Schedule E.With that said, using a software like Turbo Tax will assume you to understand what is deductible.If you work with a tax professional, you are more likely to have an accurate return.

He used to be great from the beginning of the projects.

And now back to your regularly scheduled programming...

What was your reason for not going for the lot split?  

I'm not trying to insult you, but the terms "36-Unit Multi-Family" and "First Time Investor" should not go together.

I had to edit your post.