If this is the case - maybe you can ask him for the specific form that shows the rental income/expenses(Schedule E if personally owned or form 8825 if held inside of a partnership).If he doesn't want to provide the form at all - I would think it to be a red flag and he possibly inflated the expenses on the tax return.

I hope to hear from both sides, those on this site who are for and against the model of wholesaling that most promote.

Generally people connect with phone meetings and by e-mail.All the best.        

When I was your age I had a similar idea but then I got promoted at work and met my wife and my priorities changed and before you knew it I was stuck living the 9-5 grind.

Notifications head directly to me e-mail so I can be in touch.

@Filipe PereiraI have come to the conclusion that there are many blowhards on here that are only here for self promotion.

Also I am required to say that this is not an official BiggerPockets gathering, this is not sanctioned or promoted by Bigger Pockets.

I've been loathe to take 8-10% of gross income off of schedule e and put in on schedule c, but the "right to but not necessity" is great.

@James E.

There's a set of resources called RSMEANS which is commonly used in the A/E field for cost estimating.It's not easy to get this experience as if you are starting out, and if I am not mistaken, these books/resources cost money.