If credit is healthy and the property performs from an income standpoint you may be able to go up to 85% on this transaction. 

We have 2 years of reported rental income on tax returns for both properties.

I don't contribute anything to this website other than the posts i made about the person charging me.So now I get to go up against someone that has a million dollar lawyer while all I'd be able to afford was a free public defender.I am absolutely having a break down due to this websites inability to care about what their inactions do to people...agreeing to their terms of service when we make our accounts shouldnt give them the right to hold onto all the media if it creates massive problems for us.

When you compare rental prices to actual home prices, or your acquisition cost buying the property to the rental income produced, you'll usually find the ROI higher in Albuquerque.

How do others account for capex like this?

Minnesota does not have state income taxes for LLCs, but federal income taxes still apply. but we don't plan to generate revenue, or any revenue we generate would be thrown back into the LLC in the form of an emergency/maintenance fund, or towards another downpayment. 

So, for Cap Ex, Maintenance, & Vacancy a typical amount to budget is 5% of rental income for each or 15% total.

I'm Carter, a senior in college who will be graduating this December and subsequently working full time in Public Accounting.

I have managed my rentals on a very basic spreadsheet (poorly managed) and it is time to clean up my accounting and legal structures.Can anyone opine on a cheap and effective software for the accounting side of the business? 

Does anybody know if investment gains from an house flip is stilled taxed if put into a HYSA (high yield savings account)?