It's a small percentage now but unfair: why should I have to pay any tax on money that is not technically rental income and just an accounting service provided to the residents. 

Also won’t drop as much as you think, as most people are limited by their DP, not the level of debt they can service.  

Check this out:http://www.wisbar.org/forpublic/ineedalawyer/pages...Referral service ran by the State Bar of Wisconsin.

Thank you for your service.

Because I'm not up to my eyeballs in business, I can focus all of my available time on your needs.As the owner of a small brokerage, I'll promote the personal service.  

Unfortunately the town is primarily low income and lacking a loT Of nearby services and labor, for example, I’m having trouble finding a nearby demolition company to demolish a small mfh and qualified labor to complete the fix ups.Have you been in this conondrum?

Although we don’t anticipate any issues, we had a proper agreement of sale, mortgage and note, and we are closing with a title company (so there was a title search and we have title insurance) and will be using a loan servicing company to avoid any confusion about payments, balances due and taxes.

There are many national companies, in addition to your loan servicers, that perform these types of actions.

MI City has 40,000 people, no large employers, and is primarily a service/retail based economy.

This is how I got my start in Property Management - cold calling FRBO’s and offering services and building my business from there.