Also, if you are qualifying for the loan based on your personal DTI (debt to income ratio), the personal loan could change those ratios and keep you from then qualifying for the mortgage you want.

I currently have 4 SFH rentals in the southeast, 3 of which are owned free-and-clear save for property taxes and insurance. 

I’m a newbie so please forgive me but the Opex at 24% of the Gross rental income seems low.

I suspect that until I get both investment properties fully leased that my debt to income ratio will be too high. 

The capital gain, $100k, is taxed at capital gain rates.The $36,360 in depreciation recapture is added to and taxed as ordinary income (No ss/med tax) up to a max rate of 25%….since it was deducted from your ordinary income as you claimed it each year.  

Check law to determine if you are allowed to discriminate by income source if you really only want Section 8 tenants.

Hi everyone,If you own rental property, it's essential to maximize your tax deductions.

Assuming #2, and rental income of $50k/mo (ex. 25 units @ $2000), how much would we reasonably expect to take home (Net rental income not counting taxes)?

Excel tells me how much all of the regular things are (mortgage, insurance, etc), but the notebook is where I track everything for taxes and what I grab when I do my taxes (along with a file with all the receipts and copies of bills). 

Long term strategy is to hold until it makes sense to sell, and that might be after only 2 years so I can reap the benefits without getting killed in taxes.