Originally posted by Sydnie E.:...

.* Schedule E's for 2-3 years, compute true economic vacancy rate (actual rents divided by potential rent)* P&L report for prior year and current YTD, including amounts spent on capital (depreciable) items.* Current rent roll, lease start/expiration dates, sec deposits, past due amounts, copies of leases* Statements from tenants: rent amt and expiration date, security deposit amt, who pays utilities, any "understanding" with the landlord that they claim to have* List of capital improvements made past few years* Call utility company to validate amounts in past 12 mths* Call three independent agents to get insurance quotes* Look at at least one sample unit prior to making offer; look at rest when offer is accepted

,Credit card interest You will report that simply as an interest expense on Schedule E except when paid before placed in service.

A little rusty one computer - and have never done social networking *unless you can count e-mailing!!!

-e

e.

Thanks, will e-mail you shortly.Joffrey Long

E is prepared, and doesn't impact your tax liability.

Ben I will tell you WHY so many agents do not return calls or e-mails and only a select few do.The reason is they enter the field dreaming of big money and then find out work is involved.

Yeah the bid process is a little wacky, but unlike E-bay, these sneakers are bit more expensive and bidding for them can put you in the poor house quickly.