Market rents from the appraisal and/or the actual rents need to cover the mortgage payment, property insurance, taxes and HOA (if applicable).4.

With seven years post-graduation, I have accumulated eight years of experience in the restaurant industry and am currently working as a teacher assistant.

After all expenses I've shown a loss on my tax returns the last 2 years and it wasn't just a paper loss.

Are capital gains taxes progressive?

I am thinking the following:This would be a wrap around mortgage as I still owe $165k on it.Sale Price $245k (market price)10% down ($24,500)10% Interest 30 year (please tell me if thats a bad idea)Monthly payment based on 30 yr ($1930/mo + tax and insurance) = $2448/moPlease let me know if i left any pertinent information out.Any sleuths out there can check it out. 🤓 (1032 E Tucker St Fort Worth, TX 76104)

Taxes are super low because it's AL.

If you are interested in how to decrease your Federal Taxes and increase your cash-flow, I can help with no-cost consulting or studies specific to your property(ies) whether they are small or large and anywhere in the US or US Territories. 

To secure the VA loan you need w-2 income in same line of work, as it will take two tax cycles to show self employed net income. 

I'd probably get into long term rentals for tax reasons. 

One of our properties saw a 50% increase in property tax, went up $1200 per year on a house we paid $250k for.One thing I love about Virginia is that the landlord laws make it easy to evict and don't create unreasonable demands on landlords.