Many people WILL pay regular income taxes on the net income you earn, but others will receive passive income treatment.

Today I went and looked at a Hud home the weird thing is its a four bed room home split into three units It looks like a regular house but has two doors on the right side there is also a small building on the property I talked to the realtor thats in charge of the house and he said that its a fourplex :shock: and that he had never seen anything like it before.

A warm welcome to you Mack.There are lots of investors on this forum, so be sureto update your profile with your location and maybeuse your name and phone in your signature so theycan pick up the phone and call you with a deal.If you have a website, you can list that too.Now...let's get started with the networking!

I was thinking of moving into a livable house that needed updating and minor repairs, living there for 2 yrs then renting it out.

mini update*my attorney believes it might be a descriminatory practice to allow certain individuals (homeowners before 6/05) to rent and restrict it to others (homeowners after 6/05).it should be all or none. so basically we'll see what kind of deal he can swing, maybe get them to grandfather me given the circumstances of the sale. but it just blows my mind no one else who purchased after 6/05 ever complained about this. i mean, how many people would buy a condo knowing they have no flexibility to rent if the need arose??

Interiors and exterior has been updated.

All buildings treated regularly for pests18.

It's getting harder, but is definitely still happening regularly.

Certain updates might be very helpful for the value the tenants feel they have in their updated hime.

In July, the state law, course materials and state exam were all updated VERY slightly.