Rent: $4,250/ moMonthly expenses (including management): -$600Monthly Mortgage/ taxes/ insurance etc: -$2,550thanks

@Vasudev Kirs typically, the credit provider will want to hold a PERSON responsible for following all federal statutes regarding the use of a background check - even if you have an LLC.Regarding @Mekkel Blanchard comments about using your name or company name - NOTHING positive about a tenant knowing you are the owner.

Market research, local expertise, networking, property management, financial planning, potential legal and tax ramifications, risk management, and long-term vision are important factors to take into account.

A reference for me to keep track and make the year end tax paperwork easier. 

Can I deduct expenses (utilities, mortgage interest, taxes, etc.) on a Schedule E for my 2023 taxes?

@Nicole TuffarelliI am aware of a few groups that can usually utilize funds from an IRA to help purchase new homes at reduced leverage (usually capped at 70% LTV).It might be more beneficial from a tax-standpoint as well to do it that way instead of drawing it all out.

RESPA also prohibits sellers of property that will be purchased with a federally related loan from requiring purchasers to use a particular title company. 

What are the tax ramifications of deciding not to rent a rental property and just leave it empty?

Starting next month when my renter moves in i will have only utilities and taxes as overhead at my new home in michigan. 

How bad are the capital gains taxes?