Therefore, the $292,500, net of the land value of $5,100, carries an annual depreciation expense of $10,451.

I've used this particular manager for 2+ years now and haven't received any complaints until now, but this one sounds like it could go poorly for me.I received a letteryesterday from the MA Commission Against Discrimination.

I have a rental increase in the second year and offer an annual lease thereafter and it's never had been a problem.  

If you charge yourself rent, you both are receiving income and paying an expense as a tenant, which is a wash.

And help with any setup questions once you receive the units.

As recent as the last 8 days I've received tapes and am looking at these valuations shaking me head thinking "IS YOU STUPID?".

If it's a PM then plan on doing semi or annual inspections.

E.g. 1) Form LLC 2) Find credit union that lends to investors 3) Supply proof of funds, etc. 4) Receive pre-approval? 

I was left a piece of property, from family estate, and recently sold it (I could not afford $22,000/annual property + expenses of living). 

Michael Papps Wish I knew then what I know now, but with $75,000 I would invest it in performing notes and target 12% annual returns and reinvest those returns every year.