@Randy E.

This year while preparing some Schedule E's I realized  Real estate was a good way to create a decent cash flow with year round rentals.  

Hi @Philip E.

I look at is as if you are going to buy a stock your not interested in what city the company is located, your more interested in the P/E ratio and return it will give you.

Rich Dad Poor DadRich Dads Cash Flow QuadrantRich Dads Increase your financial IQThe Real Book of Real EstateThe ABC’s of RE InvestingThe ABC’s of PMRich Dad RE Tax AdvantagesThe E-MythThe 4 Hour Work Weekhttp://flip2freedomacademy.com - free e-bookFlip2freedom episode 77[http://www.flip2freedom.com/a-3-step-formula-to-a-successful-balanced-and-insanely-profitable-2012/] - podcast - LISTEN TO THIS TODAY!

@Michael Noto@Randy E.

So for tax filing purposes, does having your wife as a Member make your LLC a Partnership and thus requiring its own annual return (Form 1065), or is it still just a pass through (Schedules C and E) on your Joint return?  

California Investor Buys E.

I can't see using a Schedule E.

Simply learn to beat the game on the next one.Randy E.