I am not sure if you are aware, but smoke detectors have expiration dates.

Is it invested in stocks or funds that will need to be liquidated, creating a taxable event for you?

Standard procedure is to post your state-specific notice of lease violation, and then perform a follow up inspection at the expiration of said notice, to determine if the violation is cured. 

I have about $13k liquid to use for this first project. 

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Just listed this single-family home in Toledo, Ohio.  It's a little rough around the edges but should cash flow.  Any comments?

Leverage REP status to use other losses against capital gains in the liquid assets of the company (invested in EFT's, etc)The policy for loss distribution would be:-All must be active (preferably material) participants to get deductions; hence the 20 or fewer so relationships can be maintained-Non-REP's can take up to $25k/y as PAL.

would you judge if a person is overleveraged by their income their bringing in and/or how much liquid assets they have in banks, mutual funds, etc.?

Could be...you won't know until you ask around.Try knocking on some doors and introducing yourself and your intentions...get e feel for the neighbors/neighborhood and the dog situation.

Jason E.

Just know it's 75% of the gross rents OR a 1 or 2 year average of your Schedule E (rental income in your tax returns) after accounting for 75% of gross rents.