If someone comes to me, I'll send them your way.If you need help in your search or want to verify something don't hesitate to ask.A great is example is I have clients worldwide and things are just as easy as I e-mail them, talking on the phone.

i did some research and got various conflicting answers. maybe i can get a corroborated answer here (please link the source if possible)what is the recovery period for the closing costs of a residential rental (1040 Sched E property)?

Then they will look at your Schedule E from tax filings to see what the real numbers were that you reported to the IRS.FWIW, 650/month for a 60K property is not a good deal. 850/month for 60K property is decent (by my standards if not by all), but still not awesome.

This is a great thread, Kenneth E.!

But I'm concerned that if this Schedule E was audited it might be a problem that the lender is the same party as the renter, so the transaction isn't at arms length even if the rates are reasonable.

I am glad to be here.My name is Steve E.

Kenneth E. nailed it :) Also, sometimes people will never change.

You need a r/e attorney at this point.

I think one of the best ways to track the success ROI can be by marketing channels such as social media, e-mail marketing, and advertising.

Kenneth E. posted a fantastic list about this last year - you can see it here: http://www.biggerpockets.com/forums/93/topics/76751-finding-motivated-sellers-my-list