You only need the Home and Business version if you are operating a sole proprietorship which you will report on Schedule C and you want the expanded help and interview that Home and Business provides for Schedule C.

The remaining money is your NOI - net operating income.

Unlike retail where the tenant is only there for work hours so the wear and tear is not as bad and they don't notice the small things when they aren't there all the time.I would say that apartments are "residnetial" in that they are places where people live and the operation of this type of property is similar to owning a SFR or duplex.Your comment about less wear and tear on retail does not seem applicable as retail units usual have NNN tenants in that they are responsible for ALL the interior maintenance and upgrades they desire.

I flipped when I heard that and called the inspector, he said not to worry about it and if they try to force the issue, HD sells battery operated ones for $50 bucks a piece and just move them from one house to another when it's time for the inspection.

Federal Trade Commission 'Operation Clean Sweep' crackdown on credit repair companies.Item 3.

If income is generated primarily through your efforts, such as rehabbing, flipping, wholesaling, etc, then to my mind, you're operating a property-based business rather than investing.

Multi-unit Property AvailableNorth Cental Texas, near major universityFinancial Summary Proforma Year: 2009 Scheduled Gross Income: $185,760 Effective Gross Income: $185,760 Operating Expenses: $108,659.84Net Operating Income: $77100.18Tax Rate: 2.39%Unit Mix Information 1 Bedroom/1 Bath No.

What types of units do you operate?

Good Point, I am looking into the operating expenses now to see what the numbers are.

Unfortunately, the deals are even worse than that, because there is a cost associated with the downpayment.Here's how I would evaluate these deals:Deal #1:Gross rents: $2,400Operating Expenses: $1,200 (half of gross rents:NOI: $1,200 (subtract operating expenses from gross rents)Mortgage ($249K, 30 yr, 6.75% NOO): $1,615Cash flow: $415 LOSS per month (OUCH!)