View report*This link comes directly from our calculators, based on information input by the member who posted.Newbie guidance needed........I am unsure if the Amortized numbers entered are correct since I was uncertain of the # of years I need to enter.Thanks!

I just talked to the management company that handles a few houses at the subdivision we are thinking to buy, she’s saying the honest number of rents revenue is 45-50k, may to August is all the earnings, all other months are pretty much dead.

That structure makes a big difference in how you report the reserves.

I have some thoughts to your question:1) Maintenance service plans (requires agreement with preferred vendor, or if you have maintenance staff, through your company)2) Landlord liability insurance through third-party insurance providers (note: this is in addition to a Dwelling Policy, which the owner should already have)3) Lawn maintenance service programs (requires agreement with a vendor for agreed-upon pricing, or if you have lawn staff to provide this service, through your company)4) Fee in lieu of security deposit (requires agreement with insurance company that provides this service)5) Increased inspection options (e.g.

@Tanjaree TurnerIf you can move it to a self directed ira then you typically don’t pay penaltiesThere are several sdira companies on BP who could provide more information or a simple google search will give you names of many.

Good people and good company.

Of course, if the reporting tenant is overly sensitive or has unrealistic expectations of social interaction, then the credibility of the report may be low. 

I'm in a final round with a company but steady income has not been secured yet so if I could at least cash flow that would really help me stay afloat for the time being.Obviously I could market the unit as-is and potentially rent to someone but won't likely be able to rent to a section 8 tenant which I was hoping for down the line.I was considering starting off with 3-month leases with auto renew and I have been VERY clear with him that if he is unwilling to pay on time that I still am treating this as a business and am not afraid to evict him.

What matters is that you are the host not another person or company.

Therefore, going through the process of evicting him with my property management company.