Rules 3-156, see rule 1.You insurance policy is probably going to be a Fire and Extended Coverage (E C), similar to your homeowner's policy except no coverage for contents.

In the end, she extended her rental for another six months --- long enough to buy another house in the fall when replacing her was difficult.

Biggest key here is make sure you think of everything and take it into account BEFORE you spend your grocery money on a property.

The IRS has several criteria for being "active", including stuff like if you are personally liable for the debt, do you make decisions reguarding operation, how many hours you spend managing, stuff that shows you really do have an active role in the investment.

I am an early forced retired with some energy and a few dollars. The plan is to start small with a four family in good condition which will earn a little money and give me some experience. Then I would like to purchas...

If you're going to spend the time to post, sign, refer, or advertise you might as well know what's actually working for you!

They get paid by flipping the contracts for nominal assignment fees while spending very little time on the deals.

Hello Ed,Let me be the first to extend a hand to you.

Sounds genius to me, although I think I'd keep it to a small portion of the country, or you'd spend all of your time flying to see properties.

For those who spend the time to provide all this 'free' information.Landlord & Tenant Issues is by far the best forum!