You can't beat the Smart Key system. 5mins and the locks are rekeyed.

(Again, though, it took me a while to set up my systems).

Based upon not lviing there is was never your residence or main home as you did not reside there.You can deduct repair costs, maintanance, improvements. ultimately the value for depreciation purposs comes down to cost basis versus FMV at the time it was converted to a rental.Had you lived in it while it was being rented it would be another story.

It took about 6 months to get my system down, but its just about running on auto pilot now.

I just get concerned about having too many different property managers involved in too many different areas, it eats up a lot of time to make sure they are all doing OK versus just having one area and one team to cover.

TILA applies.NMLS (National Mortgage Licensing System) Originators must have this endorsement to originate loans that are both secured by a 1-4 family residence AND are consumer purpose loans.

That means you must at least file Form 1065 US Partnership Tax Return.All incomes and expenses will be reported on this form and that income will pass through to the both of your personal tax returns based upon your ownership percentage.The limit is different for one person versus married.Your biggest mistake is using a program to answer your questions.I represent taxpayers(individual and business) before the IRS.

It's the Dave Ramsey system.

There will always be problem tenants that know how to the work the system.

Are you talking a purely cash flow play (LO payments versus rent?)