@Steve K.100% agree which is why I am against people doing seller financingThey are investing in a security instrument that is typically over leveraged because they may sell a $200k home for $220k, and get 7-8% taxed at ordinary incomeI can invest in other investments and get 8-10% taxed as qualified dividends or get depreciation and have ltv’s below 70%… throw in these borrowers are typically not underwritten properly and have a high chance of failure and I scratch my head why people think this is a great ideaI think a lot will learn the hard way in the next 2-3 years

@Kelsey P.Check with your state, you should be able to find what the requirements are for any changes in the lease.30 day notice to vacate is typical for a 30 day lease.I would write up a new lease, give it to your tenant to review and ask them to sign or vacate at the end of the current lease.I wouldn't want any old leases tied to a new lease with an addendum.

Typically a 20-30% discount on the property after it's all said and done.

Hi everyone,There are couple of ways to value the price of land in depreciation, such as the 80/20 (20% to land) and Using Property Tax assessor's values, or getting an assessment of recently sold lots in the area.I was discussing this with one of the CPAs, and he shared that if the cost of building the house is more than the purchase price, then the land is essentially of no value. 

Imagine how quickly the "typical' U.S. family could own a home with no debt if three generations lived together and paid one home off instead of renting three? 

Typically, the more and/or the earlier you pay, the higher your discount will be.

Also, any investment interest expense that ensues from passive activities typically does not qualify for deduction either.

I own a duplex where occupy one of the units and rent out the other, where my unit has a typical street address and the other unit has a "1/2" street address.

But if someone is giving a false impression of their experience by putting on their website projects that they do not own as their companies experience in an attempt for raising money then there is typically an orange jumpsuit waiting for them down the road.

I'm a fan of quads because, typically, the cash flow is a bit higher.