Personally, I didn't care for it for the simple fact it I cooked in the thing every night.

Unit 2 can rent for 800 based on market rentals Vacancy 150.00 1,800.00 10 % vacancy rate - Operating Income 1,350.00 16,200.00       Expenses     Property Taxes 191.67 2,300.00 Based on cook county tax records from the last 3 years Insurance 100.00 1,200.00 7 % (Need to do more research) Management fees 135.00 1,620.00 10 % of operating income Maintenance 94.50 1,134.00 7 % of operating income Water 67.50 810.00 5% (need to do more research) - Operating expenses 588.67 7,064.00       Net performance     Net operating income 761.33 9,136.00 Debt service (Heloc 3.5 %) 175 2100 Heloc rate at 3.5 % Cash Flow 586.33 7,036.00 

The only time you would really report rental income on schedule C is when you operate as a hotel (short turnover, providing maid services, cooking meals).If you do erroneously report rental income on schedule C, you will subject that income to self employment tax.

What if their a vegan and are offended by me cooking meat?

As a potential homebuyer and someone who cooks a lot, I would be turned off by walking into my kitchen to find laundry and a noisy, space-consuming machine or two that doesn't look like it belongs.

I also invest in the commercial area with apartments, retail centers, land development, and storage facilities.

(which was disappointing to me because the whole reason I got stainless was for ease of cleaning...)I keep a variety of basic cooking implements, a simple spice rack, a colander, pots & pans, cookie sheet, pizza slicer.  

@Coco Cook I would disagree with Hawthorne being C-/D. 

Under normal conditions the cook county courts are back up months for evictions, add in that they have been closed for the last 6 weeks and it might be 4 months after you file before you can even get a court date.

While my portfolio currently lacks investment properties, plans are in motion to acquire my first property next week, marking the beginning of a thrilling journey into the world of real estate investment.My investment strategy is focused on multi-family properties with more than five units, mid-rise or high-rise buildings, garden-style homes, student housing, and senior living facilities.