@Jose Guzman look for duplex if you can but I believe after elections will be best time to buy .

The taxpayer can elect to treat all interests in rental real estate activities as a single activity With that, the 500 hours is not that challenging.

But you know what I meant.

LLC’s generally are flown through entities (unless you elected a particular tax status).

What I meant by single tenant was in terms of the software or script actively putting this information together for you.

Failure by the Buyer to so notify the Seller and/or Seller’s Broker in writing, within the calendar days, shall constitute an election by the Buyer to proceed with the transaction.That is on the standard BOR additional terms contract

I can remember a time when I believed subprime lending meant lending money at below the WSJ prime interest rate.

By that he meant go for a place that will be self-sustaining with a full time manager and maintenance person.  150-200 units minimum. 

A rent deposit implies a month of rent and it’s meant to be used for that.

My mgt co is an s-corp but I've seen some that are LLCs and elect to be taxed as an s-corp.