Any information on how to better prepare myself would be fantastic.

That is why you need to come prepared.

Last time I checked, they were in the 3%+ range which can pretty quickly cut into your expected cash flow if you aren't prepared for it.

You don't want to be giving tax preparation advice!

Specifically MACRS straightline 39 years.I highly recommend that you do not use a basic system for tax preparation as you will want to especially start out strong in knowing what you can and cannot do.

This starts building trust.3) Since you are calling them now, you are now more in control of the call.4) You can gather your thoughts and be more prepared to run your script or do some initial research.

Getting your personal finances in order is a very smart step to preparing to invest.

There's really not that much work to it once you have a tenant in the property if you have done your preparations for the tenant prior to their move in (having the property in the best condition possible).

I never cared about the retirement, I didn't like ships (not what I originally joined to do), and I wanted to spend as much time as I could with my daughter; so for me it was a no brainer.That being said a couple things that make a big difference are your personal knowledge base, what it is you want to do in RE and how prepared financially are you.

Another thing to keep in mind is that a properly prepared note is a negotiable instrument and so you should only have the one original that you keep in a safe place.