For someone who is head of household with a qualifying child, there is a sweet spot for getting the maximum earned income credit (which is a refundable credit.

The need to use AmEx (or any credit card) to pay security deposit (to earn points - yeah right) is not a good sign IMO.

The details will vary, but you will, more or less, pay income tax in TN for your rental there and pay income tax in your new state for the income you earn in the new state.Turbo Tax and such programs can handle this, but you should really consider getting a CPA.

Your down should earn 3% over your cost of capial, just for inflation and maybe a bit more, if your cost is 10% you should be getting 13% on your money.So the degree of leverage goes with the property, it's ability to cash flow, if you get a good property, low maintenance and uprising rents for the area, keep it, if it starts to mature and become stagnet, dump it.That's my 3% rule, it puts you in the black in the short term or the long term!

Yes, Business is not only about earning money.

and only earn 10%?

It's a lot of work for only earning a commission every month or two.

Some one who is willing to loan me money has an annuity, but is unsure how much int they are earning.

As long as the earnings stay in the account until 59.5 you will not pay any income tax on the earnings.Your contributions to the Roth account are not deductible from your taxable income.

For the friendships which we buy with a price, and do not gain by greatness and nobility of character, though they be fairly earned are not made good, but fail us when we have occasion to use them."-- Niccolò Machiavelli