You can make minor adjustments based on the type of appliances (dishwasher, clothes washer and dryer, air conditioning, etc.) and the size of the rental.

If they choose to stop paying rent later they are held accountable for that.

Bossier partner managed property and repairs while we managed business structure and banking account setup.

Gross profit is interesting because it appears to just be the difference in his acquisition and sales price and fails to take into account the other obvious cost of running that business which includes, again according to him, the cost of over 26,000 letter print, mail, post, and the cost of the lists needed to create a mailer of that size. 

Account ClosedI recommend that have a consultation with your tax accountant and/or financial advisor on ways to reduce your taxes. 

My accountant was charging $100 each which I thought was a little high they are very simple if you have an easy platform .

Remember to account for potential surprises.

AirBNB and VRBO don't transfer accounts and reviews.

@Armell MayersBigger Pockets is a great place to find a real estate tax accountant.

Of course, what they paid isn’t going to take into account the money they have spent on renovations or remodeling, which can be substantial.