The $1500 operating expenses are things like taxes, insurance, management (even if you do it yourself), maintenance, advertising, office expenses, utilities (even if only during vacancies), legal fees, evictions, damage done by tenants in excess of the security deposit, etc, etc, etc.

Some of his other legacies include the Social Security system and the National Labor Relations Board (NLRB).

I may get hammered by other landlords but good tenants are hard to find here in Fort Wayne.I have often offered the last week or two of the month rent free if the tenant takes the utilities.Of course, I have collected security deposit and first month's rent.I see this as a win-win for me.

Vacancies are your fault, for not having it priced right.Take a Saturday morning and post ads in every conceivable web portal, flyers in every store around town.

No more welfare, unemployment, minimum wage, social security or medicare (for people who are under 50 now), medicaid, Section 8, EPA, department of education, department of energy, OSHA, etc.

You can get great hardware answers at a local store I use but they supply builders all over the US via their web site where you can see the items and they have great staff to answer questions.

.- Now, even if you could get a commercial loan or a business LOC, without the company having a credit history, you'll have to personally secure that credit line.

Rental properties get deductions for any actual expenses, like taxes, insurance, maintenance, property management, legal fees, tenant damage over the security deposits, etc., etc.

I didnt realize that Realtors referred buyers (who they knew couldnt afford it) to brokers that had appraisers & banks with these underwriter's (who checked for a pulse) and the loans were put into securities.

I was not sure if the buyer would secure their own insurance and if the taxes stay in my name..