Picking personalities is a really crucial part of the process and making sure that the vibe stays positive and collaborative.

Take a look at either your Retained Earnings line (if you're reinvesting cash into the asset), your Shareholders Equity (if you have partners and are pushing out K-1's, at the end of the year) or Owners Equity line on your Financials, you will clearly see what I'm talking about, the financials don't lie unless you're cooking the books or doing them wrong.

Again, knowledge is the key element in this whole process. 

I don't believe you can just rent to section 8 without having gone through the approval process

If your rental earned $5,000 net income = You pay income tax on $5,000If you now pay yourself/your management company $5,000 = Your rentals pay no income tax.

Is the process of getting this unit vacant the same as any other standard tenet?

I’m calling them to see what’s the process of title transfer and to just to make sure there are no other liens on the house.

I’m in the process of adding propane Rinaii heaters which are a little expensive but the tenants will pay their own heat and I will no longer have oil heat costs.

Not because you are likely to collect any of the owed money, but because it establishes that they are delinquent so that you can start the eviction process on day 1.  

Hello Everyone,I am in the process of buying a house in Miami, and I live in California.