Jan Fensterer Two great pieces of advice for budgeting projects that I learned at an SJREIA meeting from a guest speaker. 1) Set up your payment schedule in small increments.

Market rents are $250-300/month under market for the area so basically the owner shows a small loss on their Schedule E with depreciation.Pushing the rents to market rate would make the deal a great one in the long run but what do you offer on the property now ?  

I have 11 more showings scheduled today and tomorrow!

Still a newbie, but wanted to obtain my real estate license while I learn more.I work full-time at nights so my ideal schedule is during the day.

That bad stuff happened just 2 days away from scheduled surgery to fix that module in my head that failed.Luckily I was married and owe her a bunch.  

And, yes, insurance appears on IRS Form Schedule E:I, of course, and not a tax professional, and am not up to speed about what might be unique to your particular situation that prevents being able to write these things off.But you might want to consider hiring a better tax guy, if you're being told that you "can't ever" write off property taxes!

You will report income from your rental on Schedule E.

Find a taregt area for your investment - discuss your goals with your agent and develop a strategy4.) do plenty of drive by's so you know the area and schedule showings with your agent5.) your investor agent will know contractors, property managers and other ressources you needAs for the pre-approval: it's in your own best interest to have financing lined up and ready to go before you look at properties.

Take a camera, any work you find schedule it to be done, YOUR handyman needs you to go with.. so get in there so he know's what your concerned about, next time you can send handyman by himself but this time you both go. 

I would love to offer some  assistance in the scheduling/coordination of your projects in exchange for your some of your time and expertise as I step into finding and eventually closing my first deal.