@Greg B.I didn't seee any estimate for V& C & R&M in your #'s.

Rhonda, Richard C. wrote a great post on this topic yesterday titled "Depreciation Value: Personal to Rental"Hope it helps.

C+ area.

The F/C follows them for 3 years, if you sell for more than it's worth they won't establish the equity to refinance, is that your goal, to your family?

@Richard C. - good points Richard - it comes down to a blend of personal philosophy and tastes.

Well, I might get in trouble with Charles Perkins and some others, but you really don't need a CPA unless you're a C corp and you don't want that for what you're doing!

What are your thoughts of looking at properties in C,D and E areas?

@Clary C.

(c) Of course, ALWAYS focus on the ROI (return-on-investment) to determine if the effort and time are worth the work.By no means is this a complete guide, however I hope it gives you focal points to work with in making your choices.

Can I simply do schedule C for my wholesaling profits using Turbo Tax or something of that nature noting my profits and expenses?