Make sure you get your financial house in order first -- decrease debt, increase income, & maintain a good credit score.

I have a tax question regarding how to report my rental income when my tenant made and paid for improvements and I am reimbursing them by lowering their monthly rent. 

He said he is willing to get creative with the structure.Asking Price is $1.5M, current gross income is $80k which he claims he could "easily" get it to $100k, but he likes sticking with his long term tenants.

We drafted, signed and notarized an "agreement related to ownership of real property" Stating ownership shares, and income splits. 

tells me they've been getting calls from customers alright.Fourth, I looked through the mortgage contract fine print (see last photo) and found one reference to where the bank could require Annual Reports for net operating income, but nothing about requiring tax returns, requiring an annual personal financial statement, or anything about tacked-on interest rate bumps, other than delinquency.

Hey Hemanth, You can structure this on a portfolio loan with partial releases allowed, as long as the portfolio can debt service at 1.00 with the total income and expenses from all properties remaining. 

@Tyler Ferguson It will be a little easier for your taxes and finances if you create a separate account for all of the property's income and expenses including the personal and rental part.

I believe the one that does my tax mentioned using scorp due to our income but i seen its not advised to put real estate under scorp

I am looking for guidance on how to handle the first income property as it relates to getting the loan and LLC formation.

What's, in your opinion, the best platform to generate leads?