However, interest and property taxes are still deductible as itemized deductions on your Schedule A.Rented for an Average of 7 Days or Less: Under normal circumstances, rentals are treated as passive activities, which are reported on a Schedule E, and net profit from the rental activity is not subject to self-employment tax.

Historically, rent increased an average of 1.3 % per year described in most reports found on the internet.

I am hoping that banks will take into account how much I have saved up, as well as my above average credit score and I will have a part time job to make my DTI ratio better.

What is the average percentage a Buyer wants to buy a property for in the East coast or preferably New Jersey?

The word has very good vibes with the average American.

You will tend to get more cash flow since you get less appreciation on average on that area.  

That should get you about $1.5 million worth of properties (not including closing fees).Having $1.5 million in rentals with a market appreciation averaging 4% annual gains means in 5 years, your $1.5 million in properties would be worth $1.825 million.

Homeownership may be one step closer than you think if you spend your dollars wisely this year.Based on data released by the Internal Revenue Service (IRS), Americans can expect an estimated average refund of $2,962 when filing their taxes this year.According to programs from the Federal Housing Authority, Freddie Mac, and Fannie Mae, many first-time buyers can purchase a home with as little as 3% down.

If you have a personal relationship with the GP and know them well you may want to reconsider, but an average Joe from the street it's imperative.

Even accounting for those times, our home prices have increased an average of 6% in that 45 years.