There can be complexities around transfer of ownership within family. 

- Do they sign a new lease with me or does their existing one transfer?

And 36 Other Key Financial Measures, by Frank Gallinelli.For mindset, I'd suggest The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich, by Timothy Ferriss.Also, for mindset, take a look at The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It, by Michael E.

If you're looking to buy, Lansing is more affordable than E.

Lenders will advertise for sure.. but you contact them.. they never e mail your or PM you on BP anything like that..  

But I state the income on my Schedule E, which I imagine many of us do. 

@Nickelle Reagle if you’re going to use your friends funds then you should have them transfer it now so it can season for 2 months before you start to try to buy something.

I thought about transferring my primary home to an LLC and leasing it to myself to try to grandfather in our status. 

Probably not for a first time deal....Once you understand how real estate transfers actually work its not so intimidating.. and its one thing that many in the business just never take the time to learn how its really done on the back end.. 

Peter that is not correct.Ryan, your rental income is reported on Sche E.