Visit the IRS website www.irs.gov.Yet if you decide to hire regular employees omg immediately find an enrolled agent to assist you.Kudos,Mary

Anyone can go FHA if your financing a owner occupied property and you currently do not have a FHA loan.If you have 15% down for a owner occupied property you may want to go with conventional financing at 5,10, or 15% down with regular mortgage insurance.

If its a regular homeowner, no worries.Just have your agent call the other agent and ask the story before deciding on your amount and 'who' presents the offer.

4.)Is it as easy as going to my agent and writing up a regular contract?

There is a meeting tonight and I look forward to seeing the regulars and meeting all the new folks from MA, NH, RI that make it to the meetup.

It looks like a regular fireplace to me, but I'm imagining some flimsy sheet-metal style chimney or something :-/Thoughts?

I am constantly inspired by this community and look forward to interacting with everyone in the future!

I DO understand the 'personal side' of my regular income vs debt..... but not the rental business side.Let's say I had a building worth 100K, with a 75K loan, 16.5K of income, 8,25K of Operating Expenses, 5K of Debt Service for a Cash Flow of about 3.25K a year.How does a lender look at that?

One idea is that you can form a Skype group with others by networking and having regularly scheduled chats.

Since I can't qualify with my regular income, will my investment property allow my to get another?