According the terms of the lease, he is in default such that I  COULD immediately lock the doors today and all FF&E becomes my property.

Originally posted by @Randy E.

Or, does the IRS require me to put the business portion of the interest and taxes in Schedule E?

Memphis/Little Rock), it is common to have a carport instead of a garageD) Year Built: Post 1940s (ideally, but for example my duplex in Indy is 1905, so its also case by case)E) Cash on Cash: 12% or higherF) Rehab including updates to CapEx items 5 years life or less (Water Heater, HVAC, etc.) 10 years life or less (roof)G) Rent to Value Ratio: At least 1% or higher, ideally 1.30% or higher (this is generally a buffer to protect me when the market corrects in the near future)I highly recommend you really invest the couple hundred bucks to fly out there cheap/stay at an airbnb couple days and check out the different providers and their quality of rehabs, as well as see the neighborhoods for yourself.

Some things can’t be communicated over phone/e-mail.

I think you will find R/E investors all do things differently so you need to do what makes the most sense for you and whatt you want for your future.

.: When you're evaluating a rental that you currently own, i..e trying to calculate the Cash on Cash return, do you use the numbers from the time of purchase?

O&E title searches will only show ownership history and recorded encumbrances / lis pendens.Like you said, they are checked with a couple phone calls.

@Derrick E.

@Joshua D.I dont see things like SFR or multi or commercial...I see numbers...and if they numbers work I will buy a school bus and rehab it and rent it out...whatever makes money...just like I dont see different property classes...A, B, C, D, E, F, G...means nothing to me...I see a "unit"..an "asset"...taking off the blinders has improved my income 20x...you will be amazed how well things work when you dont drink the Kool-aid everyone feeds you...