I have been told about 60% of the rent will go towards Taxes, vacancy, capx, property management fees, repairs & insurance, and I will be left with 40% to pay off the mortgage or keep as profit.

Hello, I had a tax question -- my partner and I bought a primary residence last year -- we are not married therefore, are filing taxes separately.  

Ask for a couple years of tax returns?

She didn't raise rents, left a unit vacant for 5 years, and didn't pay taxes on 2 of them for the last three years.

I read that Texans voted for a bill that would significantly reduce property taxes.When does this go into affect?Also, my insurance has gone way up, so if anyone can recommend an insurance broker, I'd appreciate it. T...

I just sent a colleague request.If you mean that the LLC owns the property you are going to sell then that LLC is the tax payer and will be doing the exchange because it has multiple members and files it's own tax return. 

How do I calculate the monthly mortgage+ interest+ insurance+ tax that I should be able to comfortably able to take care.3.

For other variables such as tax rates and heating costs, I find it easier to get a good evaluation.

Look for areas you can invest with population and job growth that are also landlord friendly, tax friendly, and have positive cashflow.

No tax returns, no W-2s, no den to income, and 90% of the other conventional red tape is eliminated.