They say if you have rental property and use schedule E then your real estate assets count as family assets and cannot be excluded.However if you use schedule C for your rental property you can exclude the assets as a small business.I started using Schedule E 20 years ago when I had rental properties and a "real" job (W-2).For over 10 years now I only make money as a small hands on landlord, purchasing, rehabbing and renting and sometimes selling houses on a small scale (12 units total) but still use schedule E, but list myself as a real esate professional according to IRS.I do my own taxes via software.Should i start using schedule C this year, and eliminate schedule E.

Wish I had started when I was 25 instead of 40 (5 years ago but who is counting).

Definitely count me in for the festivities!

I wish I'd known more about real estate investing back then- I would have probably rented our house out and held onto it for a while, but I guess we'll just count it a lesson learned.

Jon was simply reciting them to clarify things for everyone.http://www.biggerpockets.com/forumrules.htmlWe do not allow people to beef their post count with fluff posts in order to place ads.

My experiences with resident managers/caretakers is that inevitably they make friends with some tenants, and enemies of others...and this leads to all sorts of problems, on BOTH counts.

I look at real estate as a hobby and past-time.I also hit a brick on the road since I receive tax free income for my military service, which can't be counted towards a new mortgage!

The "nofollow" tag is used to tell google not to count a link as a vote.

Last time I looked it was $250,000, but it might have gone up since then.Even if it is not your business that applies for a visa for you, you can not get a worker's visa unless you have job skills that are not available in the USA.You could probably get a tourist visa which says you can not work in the USA, but if you leave your e-business registered in Canada with Canadian addresses, that wouldn't count as working in the USA.And how about your boyfriend?

The inquiries also will count as one as they're being done pretty much at the same time.When you've got the loans paid off, you will have established a relationship with two banks who then know you're trustworthy.