Here is the property:   https://www.zillow.com/homedetails/5-E-Penn-Ave-Wernersville...The net operating income after expenses is $292K, and the proforma net income after expenses is $349K.   

3855 E 71st @Bob Stevens

We get light weight ones and wash them about every 30 days or as needed.

I see based on your profile picture that you understand the importance of reps :)  Just like lifting weights, there are a lot of different niches within REI, so I would find one you like and then find people doing it full-time. 

@Michael I certainly understand that a 30 year pro forma is just a guess and put little weight into property value or rental income in 2040; however, I am curious about the year one pro forma and wanting to make sure that I have positive cash flow out of the gate.

Also, this is specifically for when a new rental property is being placed into service and there is no Sched E history

In addition, what are the tax implication of such a structure, would it pass through a personal tax return as schedule E or does it need its own tax return?  

@Derrick E.

@Jason Smith First point of feedback, there’s not a choice between Sch C or Sch E.

Quote from @Victoria E.: I am also following this thread.