Private money lender How did you add value to the deal?

Is it necessary to create one or is the existing information in my credit report, full view, and tax return enough?

Irina, there’s a lot to unfold here. if you are looking for the rental cash flow to assist in covering the cost of living in Florida, maybe the best option is to sell your property in PA and use that money to buy a multi unit in Florida this way you accomplish both option.

Investors in Indianapolis/Central Indiana- other than money/profit (we all want to make money!)

If you call it a Holding Deposit, you can keep it as damages if the renter fails to meet certain obligations.I would not agree to hold the property until they pay the money in full. 

Do you think I should try to find a last-minute tax pro or file my own taxes this year? 

Typically, you don't want to lose money, especially if you have a long vacancy, major repairs down the road, etc.A couple of considerations to calculate:1.

Remember, they can always refer themselves😊Now, make it a goal to call at least 5-10 of these people EVERY day and ask a MAX OF THREE off the list below of who they know that:Just inherited a homeHad a loved one pass awayIs behind on their mortgage or tax paymentsHas a relative that can’t take care of their house anymoreHas a house they’re having trouble sellingIs facing bankruptcyKnows a probate attorneyKnows a bankruptcy attorneyetcWhy only three off the list per contact?

A few points, different tax laws and language barriers made it more difficult.  

But now that you mention it, "do I really need to report it for taxes"?