Every time I post a house for rent I get a bunch of people e-mailing and texting me this almost exact text, voicemail, or email, "Hi Thomas, I am an investor and I saw your rental property on Craigslist.  

E. 

@Carolina E.

Your passive income should be run through an LLC taxed as a partnership or if SMLLC on your Sched E of your personal return as no reasonable compensation is needed and all income will run passive with no FICA/Medicare tax at all.

All your deductions go on the Sch-E. 

I like @Carolina E.'

Robert E Bogino sorry the house is appraised at 90k.

So I fully understand the importance of knowing the right pieces of the puzzle to put together.I reread what I wrote and realize that it may not have been written well.I guess what I meant to say is I'd rather find the primary source that would be happy with reasonable rates and fees, then the secondary lender who wouldn't be happy e anything less then the numbers I had stated above.I hope my original statement didn't offend any brokers as I know they do provide a very legitimate service

It may take some vigilance penny-pinching but you will L-E-A-R-N a lot!

Don't worry about being a "noob" as you call it.An experienced broker will know from your phone calls, to e-mail, to the first minute they meet you of your level of knowledge.So I would say to NOT come across as knowing more than you really do.