I don't know what your house is like, but if you can get a lodger to rent out a room, or if you can add a separate space by inexpensively finishing a basement or attic (microwave, hot plate, mini-fridge, bathroom, + bedroom or studio), you can use that income to both pay down debt and to establish yourself as a landlord in the IRS's eyes.  6.  

The information you need should be available on line, All state/city landlord tenant regulations and codes should be readily available with a simple search.You need to know all the codes governing your business so you may as well start studying now.

If you want to invest in a real cash cow buy the community/rent the land.There is a difference between a mobile in a land lease community and on a private lot. 

I have already reached out to zoning and have a local land use attorney helping do some leg work on

There are so many from Cali and Canada and NY who talk about trying/wanting to build rental portfolios in Chicago because they read cap rates are great on the south side.Here is a Chicagoan wanting to go to Michigan for the same reason.I don't know what/who is telling all these people that the grass is greener somewhere else or that being an out of town landlord is easy, but.....it isn't.

I would really like to land my first deal with literally $0!

I am looking at purchasing a Land Bank Home in Grand Rapids MI.

If payment is not made by grace period, say the 5th, landlord files on the 6th.

I will reach out, would love to hear about your experiences as a landlord in Richmond.

Good afternoon BP friends,I'm looking at setting up an SDIRA for the specific purpose of buying a single property - an undeveloped lot - and I'm trying to determine if it makes any sense to use an LLC and/or have "checkbook" control for this particular SDIRA.My initial thought is that since this SDIRA would be to buy a single piece of undeveloped land and then hold that property as an investment for the next several years, that the additional complexity and expense of an LLC and checkbook control would be unnecessary.