You mostly want someone familiar with Virginia and New York tax laws so that they will know there is an issue when the states' tax laws are not in conformity with the federal rules.Virginia does have an "Other State Tax Credit"; they require that you provide attach a copy of the other state's tax return to your Virginia tax return and then you will receive a tax credit for your payment to the other state (New York). 

@Ned Carey  Thank you for using my name, this way I received an email.   

What happens when you can not receive the rent and needing money for both loan and mortgage? 

We listed February 15th for $395k, have received 1 offer (after we countered the buyer's literally went MIA.

I received an approval for $75,000 HELOC  at 5.6% for the first year.

If it's on the MLS and it's a great deal, chances are he has received multiple offers and will get it sold at the best possible price.

Hey Everyone,   I am getting ready to close on my first deal Monday and have been reading about how to handle the tenants security deposits i will be receiving.

I'm trying a new tactic where I am going to text the listing agent a low, all-cash offer on distressed properties that I find on the MLS.

Once I am over this hurdle and hopefully receiving some passive income, will any lenders see this passive income as a significant means of income enough to obtain a future  loan?

Once I am over this hurdle and hopefully receiving some passive income, will any lenders see this passive income as a significant means of income enough to obtain a future loan?