Unless you specified it in your management agreement that he only pays you certain amount per month, you are entitled to see the cost of maintenance since they influence your rental income.

Get one years worth of income in the bank as fast as possible so you can quit your job.3.

Hello friends,Does anybody who had experience with Live and Flip consider that as a business for tax purposes? 

Not only covering the rental income in cases where the dwelling is uninhabitable but more so if the tenant defaults and stops paying rent and has to be evicted.

The new investment earns $24,000 a year, but the cost of the mortgage + the equity loan will be $22,332—and that’s before you account for taxes, insurance, maintenance, capital expenditures, vacancies, etc.

I currently live with my parents so my DTI is less than 43% for sure.credit is goodcurrently have 13k in a roth ira, i have been reading i can use up to 10k tax free one time, should i leverage this?

We will be selling our apartment here and after taxes will have about 2 million in USD.

These strategies kick the can down the road by delaying capital gain taxes.

Once you get hit with a $675 to $750 HOA the NOI will become more of a debt service coverage.I would sell and if you get hit with a tax just 1031 Exchange it into the new purchase.

My income is about $350k.