This April 15 (or March 15 if a separate business entity) you will owe taxes for 2019.

There were separate entrances, but the downstairs unit was still just an old smelly michigan basement and needed full rehab.What made you interested in investing in this type of deal?

- the property was out of state so I did not have any cash buyers - I only had two weeks before the house went to auction- I found a buyer but her dropped out last minute - In order to find a new buyer I had to go back a negotiate with the seller - The lending company was not helpful with providing documents for pay off- I found out two days from closing that the seller was married but separated.

Two separate issues.

Tenants will be responsible for utilities as soon as I separate the meters. 8-10% for property manger.

This property is actually under contract now but I’m still using it to practice running numbers on.Tim, the full description of the listing says that the tenants split the utilities and they have separate meters.

What do you consider to be what separates “on market” vs “off market”. 

After further research, I decided to separate family and business.

If you can move south to San Antonio, you’ll see cashflow a lot more easily.I prefer to separate vacancy/repairs/capex from the other costs when calculating cashflow.

1) we have a business w 2 years of tax returns and increasing net income2) I have a separate biz with a year of tax returns and positive net income.