The lender will use the schedule E to determine what the net rental income is.

But if you realistically look at the total cost of owning a house - purchase price, interest, closing costs for both buying and selling, insurance, taxes, maintenance and upgrades - over the entire period of ownership a house is rarely actually a positive investment.

When you determine your ARV, that is telling you what buyers are paying for homes in the area.

We are considering (in no particular order) 1)title transfers to even things out, 2) sell my share of ownership of our company where he would outright own the 5 homes that are in his name & I do the same for the home in my name, 3)put 3 homes in the LLC and put the next home in my name, making it owning 2 homes each, with 3 in our company to even things out.It should be noted that I trust my life with this guy, he's my best friend & we both want whats best for each other & will be meeting with our attorney, who has a real estate background, this coming Wednesday.What would you do in my shoes?

I spend about 10 minutes per house analyzing the online data to determine if it's worth a physical visit.

Your focus will determine the best market.

All comps were closed sales, not active, and some closed in less than 30 days.I'm going to look at the home today, at which point I'll determine what sort of shape it's in and the make and model.

@Kyle DoneySo I purchased a home in Portland hoping to make it pay for itself and am actually making money and am really torn between expanding my "furnished rental portfolio of 1 :)" or turning to traditional homes or multi-family residences.While my market is different than yours, the best way I have found to determine the market is to look at VRBO.com.

At the end of the day you can use emotional decisions or factual and logical/financing methods to determine if you should sell or not because it involves all of the above.

With the way banks change ownership they are used to buying and installing new signs all the time.