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Quote from @Chris E.: After years of being on the sideline, finally taking the plunge into real estate investing.

@Elton Tate first, you need to understand the difference between loan fees and transaction fees.Areas E, F & G are outside EVERYONE's control and you'd pay all but G if you bought with cash.So, your Closing Costs are really only $5,932Now, $200 for a credit report is crazy unless they are pulling Dunn & Bradstreet on your LLC.Title charges, except for closing fee, are regulated by the State of Michigan Insurance Division.Why aren't you working with someone that knows all this?

E property isn’t going to be occupied by someone paying more rent than your over market payment.

I have been contemplating going into the E-commerce business and start drop shipping but i dont know if its a good investment or not.

Notices are written strongly, but so are mine and for same reason, lowest common denominator, but as I have a great reputation I just shoot out an e-mail or make a call and every time the city works with us and is very lenient. 

. ;-) I found who I was thinking of, seems to be a good resource for E.

Lawsuit is filed and property manager tenders to their E & O carrier who accepts the claim.

It's not a meaningful number you'd ever want to share because income taxes are not deducted from the way properties are generally marketed and this will make your numbers look lower.If you wanted to calculate income net of income taxes at the property level you'd have to first take the net income for the property from Schedule E and divide it by the total income.

You also correctly noted the carryover losses from previous years, which can be used to offset current year profits.Based on your figures, your net income on Schedule E would indeed be $2,000 ($2,000 profit - $0 carryover loss for one property, and -$4,000 loss + $2,000 carryover loss for the other).Your concern about not being able to claim losses due to higher income (> $150,000) likely relates to the passive activity loss rules.