It comes down to your goal for the property.

I rented a 4-bed house in Royal Oak, then got 3 roommates that I charged each 30% of the rent, so they covered most of my  rent.You can do the same if you buy a house:1) More rooms the better, if renting to fellow college students.2) Can YOU live in the basement?

I made myself take QB classes and struggled for years, my CPA said what I am doing is about 80% correct and it was a ton of work to clean up the files. 80% is not acceptable for me when it comes to IRS stuff.

This request does come up quite often! 

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

Anyway when the problem tenant's lease was coming to the end, we contacted section 8 office and they were very helpful.

It requires a lot more work, follow up, and it's necessary to have systems in place to support the tenant vetting, rent collection and creating lease agreements.

Maui, for example, has been a great place to own vacation rentals historically, but we've seen a huge dip in tourism in the wake of the fires.

To minimize this tax burden, consider the following strategies:1.

Welcome to TN, the water is warm.