Thanks so much, @Dave E. .

He knows I'm brand new and that I don't know much because I've asked him for his help, hence the meeting.

The answer is yes, you need to report all the income on Schedule E, if you want the bank to give you credit for that income next year when you go to buy property #2.

I try to be flexible as I e gotten a feel after several months about which tenants may just have forgotten to mail the check versus the ones who are actually late.

Start a meet up yourself or a brand within your local community to get engaged with other buyers/selling who need help. 

Some start a brand new LLC for the purpose of purchase investments and can get loans with no trade lines... again, not prime terms, but it can be done.In terms of you personal experience, it all depends on what you are doing.  

Funny you should ask this question, as newer but seasoned investor I often try to pay it back from what I learned from those that were my mentors when I first got started and over the last few years have met with a dozen or so brand new investors that had many questions and I was glad to help.

So in other words don't partner with anyone to show you how to wholesale because I am willing to bet they do it wrong, are dishonest about it and their lead generation strategies are laughable.THat said,get a website going, start your social media accounts, make noise, be noticed create your brand and document EVERYTHING on their.

Brand new exterior paint.

And how you started smoking the first one before you even got out the door As the tenant squeezes onion juice into their eyes for special effects before the judge and mouth wide open reporters.