This is my first time being a landlord.

I also own other investment properties but I have not been a landlord for 2 years yet.

I am a longtime landlord that has normally just rented my unit to individuals after I complete my normal background and credit checks. 

It was pretty hard to find properties where the numbers and landlord laws made sense which is what ultimately led me to investing in Columbus, OH.The numbers and landlord laws out here made sense then, and they still do today.

The non-tax Depreciation Expense (assuming 80/20 improvement to land) will result in an annual $11,132 ($382,650 * 80% / 27.5) depreciation expense which will exceed the $3,000 IRS limit but will guarantee you have no current tax liability for this investment for a long time.

That’s only triggered if you use property management in the 1st place.Any landlord without a Montgomery County Rental License is unable to pursue legal action against a tenant for unpaid rent in the District Court of Maryland and is subject to a civil citation from the Licensing and Registration Unit.

Landlording: LTR, MTR & STR can also be a JOB, unless you delegate or hire a PMC.

If you sell via land contract, you would still own it as the deed does not transfer until the contract is paid in full.

It's like rolling the dice in Monopoly – sometimes you land on Park Place, sometimes you get Baltic Ave.

I feel like with impending legislation, especially in NJ, it is becoming more and more difficult to be a private landlord