Although it does not cashflow my mortgage of $1,371, I was informed that it is taxed income and reported at tax time as a schedule E.

Lol)We also have the e-game so they can play against the computer. 

Steve, you may want to check out my BP blog and my e-book on Amazon, I specialize in low income.Get used to tenants living much differently than you do, and not taking care of things.  

They can list a large number of properties with just one assistant.The 4 other buyer brokers that lost out get to go find another property again and waste time and gas so when something does close it is a reduced return.I work with lot's of buyers on the commercial side but it is number crunching from my office, e-mails, and phone calls and not driving people all over creation like with residential.    

Cheers @Tyler E., I'm glad we figured this out!

But the underlying assets remain the same, and the fundamentals of those assets do not change whether they are held by a public or private entity.In regards to the liquidity premium, I agree.  

Keep in mind rent to price is one factor, for long-term holds other fundamental factors come into play.

He's the guy who did "Flip This House" on A&E.

I gave my newest tenants a quick form to fill out- names, numbers, e mail addresses and SSNs and an envelope with a stamp on it to make it really easy.When rent is due, expect confusion even if you have told them how and where to send payment.  

Generally the areas that have really strong fundamentals are well-known and seeing appreciation already.