There is still quite a dispairity between ROI for a rental unit but with supply dwindling and demand consistent single investment units are still good investments.Sorry this reply is six + months late :D

Our office specialty is dealing with pre-construction here in South Florida.My wife has been in lending for most of her career and together we are now starting to get into RE investing.Mostly because stock and bonds lost our confidence and RE seems to be so much more profitable.

I used it when I was a loan officer as well as some other things you have to pay for, and it helped me structure all my loans correctly and conservatively so we were in a better position after the appraisal.

I sell them for $75 each and supply the hoses, vent lines, etc. and do the hook up.

What is the fastest way to build your client base if you are new to becoming a loan officer.

I do not make as much money as the guys in the hood, but I have a lot less stress per unit and the checks come to my office on time for the most part on the first of the month.

As a property manager for 40 years, the biggest mistake is thinking that being a "landlord" is easy....that purchasing the RE is the hard part and that the rest is downhill.Newbies who go to Staples or Office Depot, get a generic lease, put a sign in the yard and get blinded by the CASH flashed at them by the applicants who smell the "new landlord" on them.....and then they don't see any more money for 4 to 6 months.

Does anyone have the offical IRS TAX DEFINITION for this term?

If you keep receipts for all business expenses then you can claim those again income (things like cell phone, office space in your house, repairs and more are all possibilities).If you're not a sole proprietor then you are probably better off just hiring a tax accountant to do it for you.

I'm a mortgage loan officer in Youngstown, OH.