Good choice, guys, and congrats, Karen Margrave.

Found this couple who individually has low income but has a decent combined income, no recent issues , no evictions ever, not great credit but no past due bills or collections in last 2-3 yrs ( the wife had collection issue prior to 2-3 yrs while studying), very good rental reference, verified employment reference.

That means you must at least file Form 1065 US Partnership Tax Return.All incomes and expenses will be reported on this form and that income will pass through to the both of your personal tax returns based upon your ownership percentage.The limit is different for one person versus married.Your biggest mistake is using a program to answer your questions.I represent taxpayers(individual and business) before the IRS.

If that is what you are saying, that idea makes me nervous as it makes it tougher to track gains/losses/etc for that individual property.Also Rob, how do you know when its considered "enough" in order to start xferring to another account?

Sorry i didn't want to have such a long post but i wanted to answer some of your questions. 1st thing using a realtor is ok but you'll be able to find alot better deals through Wholesalers or by individually marketing to sellers who need to sale their houses.

Im not spoilt for choice right now and I've had great returns on my last 3 jobs, but I need to start dealing with the guys he's dealing with!

Validity may not have been the best choice because I have to spell it out for most people.I always abbreviate checks and such, Validity HBC.Really doesn't matter too much because I formed an LLC partnership with it and an LLC I have for tax reasons.

The individual Homeowner has to pay for it.

They might have money but still trash the place or live in an unsanitary manner.FYI there's no credit scoring in many of these developing countries, and anyway the notion of "individual" credit often doesn't exist in these places, at least for the masses-families hold joint bank accounts, one person in a large city remits money to relatives in rural area.

I know pension funds, hedge funds, insurance companies, etc invest in this, but I was surprised to hear that individuals can do this as well.