Just make sure you're keeping all the receipts and records straight for those fix-up and staging expenses.

POHs are more expensive and have higher turnover than a community with tenant-owned homes.Here are the ways that I turn POHs into TOHs:1.

It is super expensive here, isn't it.

We haven't had a chance to grieve because we have to get the financials straightened out, cut expenses, scramble to fund and save capital repairs, and manage her estate (properties weren't in that).

But even our most expensive plan is not even close to $250 a month, unless we are doing your bookkeeping for you. 

Our average tenancy across a large portfolio with exposure to many property classes is a little over 4.5 years; the tenant placement fee shouldn't be an annual expense.

It must be a very expensive area?

But it was before and it's picking up again now.Properties are in Washington state, greater Seattle area but not in Seattle proper, not landlord friendly area still....I'm early 40's and tired of being a landlord or being tied to the area I don't want to live in anymore due to having to manage the properties (PM too expensive).

For more precise estimates of rental revenue, think about speaking with nearby property managers or real estate brokers that focus on rental properties.Closing costs: Compute the closing expenses for the duplex purchase, taking into account attorney fees, title insurance, property taxes, appraisal fees, and loan origination fees.

You will pick up all of the income and expenses from Open Door Capital on your 1065 and then issue K-1s to yourself and wife for your proportionate shares of your LLC.