@Lynnette E.

@Scott Eakes--Fundamentally what you're describing is what @James Orr promotes with the Nomad investing strategy.

But just remember to do things in order:1) Determine your personal investment philosophy2) Identify a market with positive fundamental demand drivers3) Build a team of experts (agent, lender, property manager, contractor, CPA, real estate attorney)4) Identify a property to purchaseGood luck!

So I took a field trip today to 417 E.

Keep buying rentals with capital and financing & diversifying & building my portfolio while learning on the fly or step back and sharpen some corners in my brain so I go at it with a more fundamental and knowledgeable approach??

Keep buying rentals with capital and financing & diversifying & building my portfolio while learning on the fly or step back and sharpen some corners in my brain so I go at it with a more fundamental and knowledgeable approach??

(IRC Sections 408(e)(2) and (3))If the owner of an IRA pledges part of the IRA as collateral, the part of the IRA that is pledged is treated as distributed.

Hey Rashad, Shoot me a PM with your e-mail address, I'll send you a copy of the generic RE contract.

When I completed schedule E and wanted  to enter the profit I received from the rental houses on form 1040, the 2018 instructions say put it on line 17, which is totally wrong on the new 2018 1040.  

The deduction would be reported on page 2 of schedule E.