If you go into too much detail telling them how to do their job, how many hours to work, when to take breaks etc your state may classify them as an employee even though you don't!

Hopefully we all can take a little break from our busy schedules to enjoy our friends and family today!

Hey everyone,We recently have been having issues with people breaking into our apartment building and breaking glasses of the empty units.

This is simply because we don't currently pay rent or have a mortgage, so any money we'd be putting into a mortgage that isn't at least breaking even (with help from our renters) wouldn't help us move forward.

Sure your annual expenses may be covered to project a possible break-even (assuming you considered Cap-ex/maintenance expenses), but your ROI on your 190k investment is very small. congrats but just be careful about getting more houses for the sake of adding to your portfolio rather than adding cashflow positive properties to your portfolio.

I also have an A lendor Broker willing to help me get the 1.8% interest as long as i have 10% equity in the home.My goal is to convert to a duplex rent both upper and lower units and rent the garage and at minimum break even on all costs including maintenence and vacancy and so on...The thing is this is my first home purchase, and certainly the first time dealing with a private lender.

I think it's always sound advice not to break federal tax law, in case that needed to be said. 

Things break, and as the property owner you'll be responsible for fixing them. 

But let's break down a couple of things to make sure it is good for you and then look at markets.1) Are you working/ where is your W2.

@Aaron Svacha  I can tell you already, at $350k per home for $2500 in rent (if I'm reading that correctly), they're not going to cash flow or be break even at best.