Not 3 days or e months but THREE LONG Y E A R S of sacrifice and pinching pennies to save and get experience to learn the in's and out's of so many different deals.

Send me an e mail , check out my profile. 

He tried to get ahold of the foreclosure attorney to see exactly what had happened and has had a few back-and-forth e-mails with the company he purchased the note from but I keep telling him that he should ask the expertise of BiggerPockets what his next move should be :) (I've been lurking for months and hardly post but I've been reading and learning a LOT).More pointedly, at this point are there any specific questions he needs to make sure to ask?

Bob E.

@James E. 

I have several Rental Properties owned by my wife and I, we manage by ourselves, so we have positive Rental Income on Schedule E. but negative Income on Schedule C, can I put $3000 Property Management Fees as expense on Schedule E, and add this $3000 as Earned Income on Schedule C?

I just found it online this weekend, and I e-mailed the owner my contact information, so that we could set up some time to go through the property. 

In the case of multi-family, we have a separate PO box for correspondence, a separate phone #, business e-mail address, and business bank account, and the business card I pass out to the tenants say that I'm the manager, not the owner.  

During tax returns time, I file a Schedule E for each property. 

So, I make sure I set aside one hour a day to listen to something positive, read something positive and/or about real estate or finance; watch You Tube videos of motivational speakers (i,e., Eric Thomas, Bloomberg Game Changers, etc.) or sermons from TD Jakes.