I'm sure not all areas are as popular.

If I did this, then I should have filed a Sched E for 2006 even though the property wasn't ready to rent (which I didn't)Also, insurance, for example was paid in 06, so how can I claim it on the 07 Schedule E -- seems like I should be able to claim everything I spent on insurance since the property was never anything other than a rental.Arrrg, I don't mind paying taxes nearly so much as I hate figuring them out!

Please check your e-mail as well.

Many popular authors advancing a conspiracy theorist agenda think the Fabians are gradually trying to control the world by gradually moving toward a world currency.

I Can Help you I do All States If Needed Just E-mail & I can Help you With your Real Estate Needs .

My tenants for example are usually younger and computer savvy and thus use the internet, e-mail and text messaging to communicate.

If lots, then keep good records for contributions, draws and equity splits.Revenue:Rental IncomeOther IncomeExpenses:HOA FeesMortgage InterestProperty InsuranceProperty TaxesRepairs and MaintenanceProfessional Fees (such as accountants and lawyers)(Anything else on Schedule E that you doOther:Interest IncomeFlipping Business should include:Assets:Cash AccountsMortgage Escrow Account (if appropriate)Projects in Process (one for each project, ideally)Tools and EquipmentDeposits and Prepaid ExpensesLiabilities:Accounts PayableMortgage Payable (one for each property)Other Loans PayablePayroll Tax Liabilities (as applicable)EquitySame as aboveRevenue:Property Sales RevenueCommissions Revenue (if applicable)Cost of Goods SoldProject ExpensesExpenses:Most of your job expenses will be recorded in Projects In Process as an accumulated asset and then moved to Project Expenses when you sell the project, so there's no real need to separate out expenses such as Materials, Subcontractors, Holding Costs, Utilities, etc.  

Rogers and so do millions of others who are voting with their wallets.  

It needs to have a window and you want an electrical outlet on every wall, plus a closet.Also, think about marketing your unit as a 1 bedroom with office (if that's popular).I like to look at the net income of various options.

At each meeting we have presentations on different aspects of REI.Our next meeting is tonight at 6:45 pm @ Catfish & Co, 2338 E 8th st, Odessa TXFor future meetings visit: http://www.meetup.com/Permian-Basin-Real-Estate-In...Reggie Wright