-Field food will generate sales tax for the city, which is a plus since all that money was going to the county previously.

A turnover costs money, even if the previous tenant leaves the unit in rental condition.I'm not about cow-towing to renters, but if you can save yourself a turnover with either a few minutes of work, or a few hours of crafting an automated system to deal with problem tenants, isn't that worth it?

He does a lot of work for me and is currently using my basement for storage in return for work around the house.Is this a good idea to go through with renting the apartment to him?

My criteria for buying are at least a 10% CoC return, and $100/month or more in net cash flow PER door (hopefully closer to $200/door).List Price:  $179,900Down Payment:  $44,975  (25% down, assuming I buy at list price)Repair Estimate:  $5,000Closing Costs:  $2,500TOTAL CASH IN:  $52,475Loan Amount:  $134,925Loan Terms:  5.25% fixed rate, 30-year mortgageMonthly P&I:  $745Monthly Rents:  $2,000 ($1,000 per side)Vacancy Loss:  $100/month (I estimate 5 - 8% on multi-family properties, depending on how popular the area is).TOTAL MONTHLY INCOME:  $1,900 ($2,000 - $100 in vacancy)Taxes:  $154/month (you can usually find the actual tax amount paid for the previous year on your city's website)Insurance:  $100/month (ask other investors in your area what they pay, or for recommended agents who can give you quotes)Water/Trash:  $80/month (this is typically paid by the landlord in my area)Sewer:  $50/month (also typically paid by the landlord in my area)Lawn/Exterior Maintenance:  $75/month (my property management company offers this service)Maintenance:  $100/month (people budget anywhere from 2 - 10% for this... if it's a well updated and maintained property in an area that attract responsible tenants, I budget on the low side)Property Management:  $100/month (usually 8 - 10%, but you can find PM companies that do it for less... just make sure they're good at what they do!).

I agree with Joe - Lincoln is great for investors with multiple colleges here (University of Nebraska, Wesalyn, Union College & Southeast Community College).

The total number of liens dropped again in comparison to previous years.

$8 million loss on the previous quarter, during a huge economic boom.

I can put them both on filtering through land records now, but one has college training in quickbooks so I think I’m going to hand her bookkeeping and payroll.

- refer to the original depreciation schedule but "pause it" so that I pick up depreciaiton as if no years had passed in between rental use (this doesn't sound correct, but it's an opinion I've come across in my research)- start fresh and ignore the previous depreciation schedule, picking the lesser of an adjusted basis (original home purchase value minus land value + improvements) or fair market value minus land valueI have spent several hours looking at IRS publications and searching forums with mixed or no advice.

My name is Ahmad Attalah and I am a newbie REI from College Park, MD.