But, these are pretty standard documents.These documents go to the title company.

From that gross rent, you will deduct the operating expenses, interest expense, depreciation, etc.

Depending on the recent activity on your reports, that deduction will be between 5 and 8 points out of your score.

Any suggestions for writing up a standard buying contract?

Not only are you making a little bit of profit which adds up over time, and your house is getting paid off, but you have to think about all the interest you're deducting from your taxes over the years.

Even if you have strong positive cash flow from your rental real estate, chances are you still have a loss for tax purposes due to the depreciation deduction.

But if you buy candy bars, cars, or, yes, apartment buildings, they you pay tax on it.Now, buying that apartment building will itself create a bunch of deductions, including the depreciation on the building.

Been a while since I looked at the details, but you may have to have show income to deduct the contribution from.

It seems like a good deal for coastal standards...

Not all plans are created equal - some will barely cover anything if you ever run into trouble - others have really high deductibles.