Joe and would like to start getting together with other local members to talk real estate and future goals.

From there, see how it goes and decide from there if you want to self manage more in the future.

Would love to hear opinions on Plymouth State University's future, the future of student rentals as a whole, or any other relatable topic.

I suppose taking on a lighter rehab would be the way to go in order to get our feet wet and then tackle something more complex in the future?

And, yes, if there are additional referendums in the future then the tax rate can go up again, but that's a fundamental risk of real estate investing in any community.

And because I am a flipper, in the future if the market changes or I don't want to AirBnB anymore, I will be able to sell a completely renovated, updated unit.  

Since lenders now ask for 2 years of prior tax returns, not filing could jeopardize your future real estate investment career, especially if your increase income this year.I also know that for the Schedule C the minimum to file is something like $400 net but I'm sorry that I can't find the answer for Schedule E.

Pros:Tenant pays your mortgageYou live for free or at least very cheapHelps you build a relationship with a bank for future deals if you do financing Gets the first deal out of the way so you're not scared to keep going.

The ability to defer taxes into the future is one of the greatest attributes of owning real estate directly.Finally, because private equity real estate is typically held in an LLC, which is considered a pass-through entity by the IRS, 100% of income, losses and expenses pass through to the owners.

In the future I'd like to look at a quit claim deed to an LLC.