Also if you use multiple e-mail adresses you can post multiple per day.

The 50% is a guideline more than a rule.The way a lender,buyer,and a seller look at NOI are all different.What I mean is a lender will often base their underwriting criteria for doing a loan not based on actual numbers but the lenders numbers based on if they took the property back.Example:I buy an apartment building.I do the property management so I save 10%.The lender will factor in the area average regardless of what the schedule E returns from the seller say.If they take it back they will pay someone else to run it.So all these parties will view a property from a different perspective.If you can appeal and reduce takes that will increase NOI.If you can get a fire-dwelling policy for a house that is cheaper on a group of quad's you purchase versus a commercial policy.Some of these apply to commercial more than residential.I don't automatically discount a property based on the 50% guideline.If everything has just been replaced and my exit is in 3 to 4 years then the updating and expense will be on the next purchaser.Plus if for instance my properties are being redeveloped and torn down I am not going to put much money into them.I will keep them liveable for the short term knowing I am being bought out.

Just to give the rest of this story (in case anyone was thinking of trying this) - the guy lost the house and there are people being prosecuted for trying this stunt.From the AP:FLOWER MOUND, Texas (AP) — After paying $16 to file a one-page claim to an empty, $340,000 home in an upscale Dallas suburb, Kenneth Robinson moved in furniture, hung a "No Trespassing" sign in the front window and invited television cameras inside for a tour.He quickly turned into something of a local celebrity, creating a website, http://16dollarhouse.com , where he sold an e-book and offered training sessions for would-be squatters.

Multi-member LLC's can help with the reduction of IRS audit exposure since 8825(rental property form for a partnership) is audited a lot less than a schedule e(rental property form for an individual/sole propriertorship)So while you may not have all the asset protection you want, A good multi-member LLC with a carefully drafted operating agreement and an umbrella insurance policy, is the best shot out there for a Landlord

I have a national site I am setting up soon.Word Press can be used for full websites and not just blogs.Part of the problem with these Wordpress Companies is they put their info at the bottom and steal your SEO juice.The platform I use that I want to stay in wants 1,500 to 2,000 to design my word press site I want.I know elsewhere I could probably get it done for under 300 to 400 but they will take the SEO juice which I don't want.Basically if I could get the design part done for cheap and then plug it into my provider and keep the SEO juice would be what I am after.

If you have invested in any R/E investment education you will hear about many strategies and in most cases the information is condensed over 3 days.

I would also look at inexpensive no-frills windows instead of premium high-dollar low-e exotic glazing.

Also, print off an IRS 1040 schedule d or e or whichever it is and read the instructions on how to report rental income.

Or should I just get an umbrella coverage insurance policy and report the property on my 1040 Schedule E?

Except for that broken door, basic wear & tear. u should be fine.i had carpet in 1 room literally covered in mud & grape juice. carpet cleaning of $50 made it look like brand new.