For $10 a month you can manage up to $150 rentals and it's a pretty all-inclusive piece of software that lets you track your properties, your tenants, store documents electronically, except ACH payments, market vacant units, track maintenance, and more. 

What you get:- They'll allow you to set up automatic ACH payments... set and forget. - Their pay history records are unlikely to be questioned by courts, banks, etc. - Tax records are more likely to be handled correctly and on time.- Payoff statements when neededThat said, as a payor, document each canceled check.

Since then, I've gone onto obtain several rental properties, mentor multiple new investors, initiate and manage several RE joint ventures and obtain my Master's Degree in Real Estate, all as a part time investor.I'm conducting research for a book I'll be publishing later this year that addresses the initial fears/concerns that all new RE investors face when purchasing that very first rental property. 

Since then, I've gone onto obtain several rental properties, mentor multiple new investors, initiate and manage several RE joint ventures and obtain my Master's Degree in Real Estate, all as a part time investor.I'm conducting research for a book I'll be publishing later this year that addresses the initial fears/concerns that all new RE investors face when purchasing that very first rental property.

I am doing this as a joint filing with my wife and, not as a business entity, nor do I have an EIN. 

Plus if you ever want to create better cash flow without buying more properties, you have the option to pay off the HELOC instead.3) It depends on your financial position, but I always ask my clients who are not sure on whether to sell or not is what their intentions are with the money.4) Since it is your primary residence, the first $500K of profits is tax free (assuming you are married and file jointly).

Lease excerpt:All Lessees are jointly, severally and individually bound by, and liable under, the terms and conditions of this Lease.

Is it true that I cannot claim loss from the rental property if my income is above 150k (married filing jointly)?

@Malcomb Stapel I’m wondering if I should hold in a joint tenancy or tenants in common not who is going on the title

It's obviously not waterproof because it is fuzzy looking at the joints in places from urine.