I’m currently having a duplex completely(3 bed / 1 bath, approx 1200 sq ft each side) rewired.They property had active knob and tube throughout.

Hello,I have decided to invest out of state and have spent the majority of the weekend scouring forums, websites (Zillow, Realtor, Census Bureau, Bureau of Labor, and many more), blogs to put together a spread sheet to "try" and help me narrow down my choices.Criteria:Budget $$Active Listings (I used Zillow data for Feb.

I found this website http://maps.cityofrochester.gov/propinfo/  This shows the previous year's tax assessment for properties in Monroe county. 

The problem is that credit scores on charge offs are based on last activity date.

So if you want to estimate the income that will show on your K-1, take the forecasted NOI, subtract loan interest (not the principal payment), subtract depreciation (take the purchase price, multiply that by a decimal that is the the ratio of structures to land assessed value on the property tax bill (usually between 0.6 and 0.8) then divide by 30), then subtract amortization (nearly impossible to predict, if you ignore it you’ll just get a conservative estimate of the taxable income).  

The Absentee Homeowner with Equity is tried and true, but the Atlanta area is fairly active with investors, so you might be adding your mail on top of several others that the owner has received.You might consider Seniors with 20+ Year Ownership.

Are you actively flipping in AZ, if so what does your pipeline look like?

The IRS generally opposes self-dealing and can assess sizable penalties on both the business entity and the individual involved in the transaction. 

My partner and I started off by forming an LLC but quickly learned that we should probably have a passive and an active income LLC. 

Include info such as last sale date and price, owner's address (if different), and your assessment of the property and neighborhood.