You do the depreciation schedule and rent and deductions (such as on a 1065), work all the numbers, and only the balance passes through to your income.It's true that the "balance" - meaning the NOI or NOL - will pass through to your personal tax return Ken, but the net result is the same.

Make sure you open your lines of credits and credit cards now while employedA smarter thing might be: a leave of absence, converting to part time, finding people to do some of the REI stuff, like showing properties, labor, screening, etc.Lots of people don't like their jobs, until they no longer have it.

To me thats very good, but donno how true is that.

Here go building a deck of cards.

This is actually not true.

After interning at a local CPA firm and talking with numerous Big Four professionals, I came to realize that although I did well in accounting and took full advantage of accounting clubs and associations, real estate was my true passion.

But that is what people are willing to pay here right now - crazy but true.

It seems the cards are in your favor per your divorce, just stay resilient and keep doing your homework.

I eventually want to have a portfolio of property that builds true wealth.

Another issue is drug usage, sale or manufacturing are sufficient grounds for an automatic termination, in fact here, it's an immediate set out but the landlord will need to prove it.You do have the right to enter for repairs, treading lightly on the tenants right to quiet enjoyment, but things can be miserable to the point of a tenant wanting to break a lease too.The story of an Executive Director of a housing authority property is true, where he removed the front door to make repairs to it and the tenant left.