In essence it's earned income it's just that the government doesn't see it that way unless your business is paying you a management fee.

Assuming that maintenance and repairs will cost 20% of gross rents (I believe this number to be way north of what it will actually cost) we arrive at $1,015 for maintenance and repairs.I will also have an extra $2,000 in a revolving CD ladder as a slush fund to fix whatever Murphy's Law throws at me.So:Gross rents: $5,076Taxes: $701Insurance: $766Debt service: $2520Maintenance and repairs: $1,015Cash Flow: $74I realize this will be basically a wash as far as cash flow for the first year, but I think I have all my bases covered as far as projecting what expenses will be.

His compensation is earned from the duties performed in the company.

If I went this route I would not have to spend extra time in school either because I meet all the prereqs already.

REI_Kevin, can you explain how you collected the extra 49k at closing?

I would like a little more thought on this…as to how does the whole thing work and how can we invest properly in pre-foreclosures to earn secure profits.

If so, you're likely one of the best landlords in the country, and I would recommend buying much larger apartment buildings/complexes where you can make a LOT more money...My biggest concern based on your answers is that if you're doing all the work yourself (leasing, maintenance, turn-over, landscaping, evictions, etc), you're probably spending at least a third of time time (if not a lot more) on this one property, and this one property is only earning you $20K per year.So, you basically have created a job for yourself, that's earning you less than $60K/year.

I graduated from Kansas State University in May, 2003 after earning a degree in Construction Science and Management.

Today, we measure the value of air rights on behalf of a seller not only by the use of the comparable sales, but also by how much extra value is generated by the air rights," said Von Ancken, speaking at a meeting of the National Realty Club last week.More Articles of Interest U.S.

Give them their notice, use their deposit to get the problems fixed right, and start over with a new tenant.Alternatively, ask for an additional deposit to deal with the extra damage.