Do they count them against income for the year just like repair expenses, do they not consider them at all, or maybe somewhere in the middle?

What we appreciate is that they actually have their own fund so we can count on them closings deals.

Not counting on appreciation, but it’s certainly happening.

Is there a separation between REPS hours, where they are hours in real estate that count that deal with properties you did not acquire?

@Tanner Kenneth Jenkins Generally speaking, your school history only counts if your studies and new employment are in the same/related fields...and you would usually have recently graduated or be close to graduating.

Can always count on awesome people here!

I also typically tell people to buy for cash flow since you can't count on immediate appreciation.  

So if you're not counting in expenses then it's not even close.

A landlord who managing his properties count towards the hours required of being considered a real estate professional.There are many requirements to be considered a real estate professional.

Here are the numbers, as best as I can figure them:Rent:  1395/monthExpenses:Management 112/monthLandscape  75/monthVacancy  42/month  (assuming 3% vacancy rate)Maintenance 248/month (assuming 1% of original purchase price per year--been less than that so far)Interest: 546/monthInsurance: 106/monthTaxes: 239/monthPrincipal:  $803/monthSo total expenses not counting principal are about 1368, leaving about $27 profit.