Thanks @Derrick E.

Are you promoting it anywhere else?

This is of course all hypothetical of course but here is how the numbers are calculated so you can plug in your real world numbers from your schedule E:  Rental income worksheet

send e mail with your contract to purchase attached. 

- R/E Wholesaling & Investing PrinciplesThe mistake people make when trying to become a Real Estate Wholesalers & Investor, is they become literally brainwashed with the ideas of owning multiple properties, living a life of leisure, or believing success will happen overnight in this business.There are few things I want you to realize if your goal is to become an Investor/Wholesaler.1.

They are not local, and we are e-signing the lease.

People considering it anything near or resembling "inner city" (throw in a 40 minute drive down the E-way through about 3 colleges, 14 Best Buys, 4 Malls and 6 TGIF's) a ghetto property seems odd to me.

These are typically disregarded entities for tax purposes as the LLC does not file it's own tax return and activities are reported on your own Sched E.  

I'm going to go ahead and guess the property just based on the area it's in just because that's typically a class D or E area.

.)- how to communicate with us- how to operate the house: from GFCI to furnace filter, how to clean a glass cooktop - point out key issues like pet policy, new girlfriend moving in etcYou think anyone reads the lease when they e-sign it?