IF you choose to use this property for "short term" or "seasonal rentals" AND wish to have some personal use time, please refer to IRS Revenue Procedure 2008:16 and discuss it thoroughly with your CPA.4.

Put systems and procedures in place where you can. 

Best strategy: get someone to spill the beans on their success by massaging their ego, copy off of them.

Hello ,I am curios to speak to a real estate agent or broker in Indiana about becoming a real estate agent and all of the procedures and steps involved.

You do have to spend a lot of research, time and experience to learn the specific laws and bidding procedures for the state you want to invest in.

Follow this six-step procedure to account for the property’s rental income and all the expenses.Step 1: Report 100% of rental income on Schedule E of Form 1040.Step 2: Deduct 100% of any direct rental expenses (such as rental agency fees and advertising) on Schedule E.Step 3: Allocate mortgage interest and property taxes between rental and personal use.

I live close to my tenants and we have a procedure whereby they text if it's something small and they will usually just take care of it themselves and I will pay they for time and materials but if it's something like a broken pipe or the furnace not working they will more than likely call and I'll get a repairman to come out.

There is a lot of paperwork and procedure that needs to occur for a transaction to go smoothly and most agents don’t want to rely on an inexperienced seller to do their portion properly.

Jerry, What would be your standard procedure when buying a mobile home from the 80s/90s?

We will sign an agreement and I have no concern about the partnership or the terms, I am simply wondering about the technical requirements of the literal procedure for combining funds for the purchase.