If you need more details please let me know.View report*This link comes directly from our calculators, based on information input by the member who posted.

View report*This link comes directly from our calculators, based on information input by the member who posted.

The fact that it's not reported on your Schedule E makes establishing the investment intent sketchy for sure but not a statutory requirement. 

You can find the information on www.census.govAdditionally, CBRE and Marcus and Millichap have a great cap rate reports that can give you some insights into those markets.

Prescreen before you show the property and once they apply do a comprehensive screening (background, credit, eviction report) Make sure to take the time to call landlord references and verify employment. 

The form will clearly state that in signing they are authorising a full background and credit search.Credit wise you need to set a minimum credit score and if they reach that score you then look more closely into the contents of the report.

I believe that's what has been done - just waiting for the reports to come back from the inspection now.

I used capital from a HELOC to purchase a note. Is the interest payments for that HELOC an expense I can deduct somewhere in my taxes? And if so, where? 

Back in January I was reported to Duval County for posting on BP without a real estate license.

Just have the Title Attorney break out their 2nd mtg. note template, fill in the terms and send to seller.Seller of course gets to U/W their own loan, and can ask for Credit Report, income, assets, etc.