Sincerely,E.

HI Paulette, go to the site wendypatton(dot)com  She has a free e-book on sandwich lease options that will shed some light on the subject.

Wrestling with the various categories, running your own metrics in Excel, and matching things up with Schedule E at tax time will open your eyes to all sorts of operational details you might otherwise miss.As you grow and add more properties, there are some great cloud-based "rental property tracking" solutions available at very reasonable monthly fees.

@Johnson H. hosts a monthly meetup at Whisper Cafe at 1085 E Brokaw Rd in North San Jose. 

Michael Gerber (author of the E-myth) talks about it quite a bit.  

I do not have the # of tenants, but he stated to me there is some deferred maintenance, and high vacancy, however he's still cash flowing on all the properties as I was able to see his IRS Schedule E - redacted of course.  

If someone comes to me, I'll send them your way.If you need help in your search or want to verify something don't hesitate to ask.For example: I have clients worldwide and things are just as easy as I e-mail them, talking on the phone.

There are rules, like 10% , but maybe the exceptions swallow the rule with older rentals....I have a 80's era fourplex and it had some deferred maintenance, so repairs and maintenance eclipsed the 10% mark in early years (previous owners squeezed all the juice from the property).

It has been an excellent investment so far, so do your due dilligence properly prior to passing on this deal.I agree with everything Ashley Wishinski said except for the Schedule C comment as rentals are reported on Schedule E.

Nancy E.