You're earning money as you learn.After you refer (or "broker' or whatever you want to call it) X number of note transactions, after some time you become well-versed enough in the business whereby you can invest in your first note for your own account (using the proceeds you've amassed from your referrals) that you can then comfortably put up some of your own money to build your own note portfolio.If you want some pointers as to how I'd suggest you start, you can PM me.

There is nothing you can put in your spreadsheet to account for that in any reasonably accurate way.There's a reason the locals aren't all over this deal, unless you are unusually lucky.

I suggest: talk to a/your Tax Accountant before deciding.

I have a home in Anaheim ca. near Disneyland, and ive been hearing about I can possible make100,000 annually with airbnb Is this true ?

Account Closed If you're looking to bring in a money partner to your deal, there're several ways to structure it if you intend to have this partner temporary.

If you're parents are going go receive any money from that then they will have to take depreciation then on that property and it will appear on their schedule E as well (upon sale they have to recapture any depreciation they took or could have taken so watch out for that).If you go further the route @Corby Goade suggests with a deeding you'll want your accountant to advise on gift tax consequences or use of the one time limitation. 

We talked about training tenants and keeping them accountable for small repairs on things they break (generally under $150 and things that can reasonably be shown they caused to break, but generally not plumbing and electrical).

I do have a “safety” stockpile account where I store money for these purposes: taxes, returned security deposits, etc.I have a w-2 job and am having taxes taken out for that.

what is the penalty in PA for not depositing a security deposit into an escrow account or bond...over 1 year since lease started and security deposit paid

Again I have a low paying job and live in a high priced area... so thats why I'm hoping to go this route than a hard money lender.If all of this goes as planned and I flip enough properties for a profit, all of my proceeds will be put into a savings account and used to buy an apartment complex at some point in the future.So thats pretty much it, before all this I thought about doing wholesaling but know its harder to get sellers to sign their homes to you and I've never been a good salesman either, let alone any potential legal issues with it... so I don't think that's the right path for me.Any input would be GREATLY appreciated!!