Rental income is shown on sch.E which is not subject to social security taxes (like FICA) but all the other taxes.When you're renting property vs owning, you can't depreciate it but your rent payments are totally tax deductible (vs only interest on mortgage is).Insurance: you'll have to get Tenant or renter insurance which protects the property and your liability if someone slips and falls, set building on fire etc. this is not your professional insurance - just regular insurance you have for your home.I don't see how kind of entity will affect the taxes: if it's just you the owner, LLC will be disregarded entity and shown on your own taxes, only on different schedules.

Just get out and socialize with other investors.

Exactly.. see my previous rent.. because often people just accept.. they don't analize THINK and deduct...

Hi everyone,I have read several books, listened to many podcast, and educated myself anyway I could and one question that seems the most difficult for me to answer is "do I get an offer accepted before I secure financing?"

For example, if rents are below market, one would be more willing to accept a less-than-market cap rate in exchange for the promise of raising rents and achieving a higher-than-market cap rate as a reward for undertaking the project.

I’d be happy to connect you if you accept referrals?

Hi Beth - I was wondering if you were able to find an acceptable solution to maintaining a RE license as a real estate investor?

If your passed over...reapply, ask for advise to help your odds of acceptance...just don't give up.

They certainly saw the rip in the screen, the holes in the walls during their inspection.Our lease has a clause to the effect that the tenant has inspected the property and is accepting it 'as is', EXCEPT for items that could not be observed during inspection, for example, water was off, so tenant could not see the faucet drip. 

Where do I go to learn how to be able to accept section 8 tenants in Indy?