They have alot of wanna be asset managers that have yet to impress me.

Several court cases support the authority of the IRS to reclassify other forms of payments to a shareholder-employee as a wage expense and subject to employment taxes.[...]The key to establishing reasonable compensation is determining what the shareholder-employee did for the S corporation.

Also, I suggest getting the tenant give you Check Writer Authorization so you can write a check out of the tenant's account automatically so you will not wait for his rent check to come.

Recently finishing up reading "The Unofficial Guide To Real Estate Investing" the author suggest renting to owners of pets.

You must trust their authority in granting or denying your request.A "use variance" may be your answer.

That's 1.5 million in assets that generate an income of 15000 dollars per month.I may change my plan at some point to acquire more than one house at a time.

And always use a professional property management company to protect your cash-flow assets!

Married couples who divorce can more easily have a judge order who is responsible for what debt, who retains interest in each asset, etc., and a spouse is usually protected with property titled as tenants by the entirety or JTWROS, where if it's a partnership w/ tenants in common, a break-up could mean your ex-partner sells their share to their brother or stranger or forces a sale to get their money back out.

Also, since real estate really is a numbers game, your math and analytical ability will really help.Don't worry about not being a handyman - let someone else do the $10/hour stuff while you use your greatest asset - your mind.

You need credit, income, knowledge/experience, collateral and assets to be considered for financing in RE, if you lack in one area, you need to compensate in another area, but the ability to repay and collareal can't be completly overcome with other aspects.