If you pay market rent and your tenant in the other unit does too will both rents cover the loan, insurance, taxes, maintenance? 

Hi everyone, I filled my taxes jointly for the first time.Tax guy said I can't write off any repairs/upgrades because my wife and I W2 income is over $150,000.Is this correct?!

CA taxes residents on worldwide income but may provide a credit for taxes paid to other states.

The second would be to spread out taxes instead getting hit all at once from Uncle Sam. 

Don't forget to save up for closing costs, property taxes, insurance, and any potential repairs that may be needed.Start by connecting with nearby lenders or mortgage brokers to evaluate your financial preparedness and investigate loan possibilities.

Take a “break even” sale before interest, utilities, taxes, insurance eat you up?

Transfer taxes, recordation taxes, lenders title insurance, owners title insurance, closing fees, lender fees, appraisal, survey, deed prep, recording fees, insurance, escrow 

The book is saying open up multiple accounts for your business for the purposes of charitable giving, owner income, taxes, paying down bad debt, etc.

Hi Shree,Make sure you have a business privilege license and get a tax account number before you apply for the rental license.

Is this a true 10% cap or is this what I refer to as the "realtor special" where taxes, insurance, water and a nominal maintenance budgetary number is included.