I’ve been thinking about buying rental properties for a couple years now and I believe now is the time.  

Remember a couple of days ago I asked about the tenant who is saying she doesn't have to pay rent because of a sewage backup?

They know how to milk more money, in my opinion, and would ask a for a couple more opinions from other professionals in the industry

Hello BP, I turn 16 years old in the next couple of months and I am really into becoming a real estate agent/broker in a couple of years, but i don't know if 16 years old is to early to shadow a broker or agent.

I have made my way through a couple books as well and growing the list!

The past couple of years I've been using mint.com and it's made tax time easier when separating out rental and personal expenses.

So after a couple of weeks dealing with the death, I returned to Pittsburgh, and take a look at the property, purchase price 23,000 and it was a little rougher then what I expected.. lots of trash, holes everywhere, nothing salvageable, ( previous squatters)...

The phaseout for this deduction begins at $100k for married couples and reduces the allowable loss  of $25,000 is reduce by 50% of the amount that your AGI exceeds $100k...until $150,000 at which point the loss is disallowed completely. 

I’ve been waiting for leases, tenant estoppels, etc for a couple of weeks now.  

The current owners are married, in their 50s, college educated and empty nesters.