So other documentation may be required.2) For the investment properties you've held for 1 or more years where they are on your schedule E they will use the the income and expenses from this schedule.

I'm brand new to Bigger Pockets and the real estate investing world.

From a recent article in the Fiscal Times, the author Jonathan Berr gives a list of brands that have lost value in the past year.

I decided to go with the LLC because I was refinancing to pay my private lender and my bank was willing to put it in a brand new LLC.

For properties on your tax return they will take the net income from your schedule E and add back in depreciation and 1-time expenses (roof, kichen, frence, etc) you can count on this information to be 100% until January 10th, 2014 when qualified mortgage rules kick in.

I really like that is is essentially a brand new house.

I separate out IMMEDIATE CAPEX versus ongoing capex.If landlord pays water I use 60% operating expenses total for vacancy, O and E, and PM.

The message you will send tenants is a new greedy landlord is charging top market rents but leaving me with this old rundown unit I have lived in for years.At that point they will seek something the same as their old rent or cheaper or they will move to a brand new place where they would have to pay the uprent that you are trying to charge.

I e side and let the other pay all debt service.

I've read a lot of the threads concerning Auction.com, and I've already e-mailed and called my real estate attorneys office for an answer to this, but I'm not sure when I'll hear back from the attorney.