Tenant shall pay to Landlord along with rent, any sales or use tax payable to any governmental authority.

I want to become a huge asset for anybody I work for and have a great business relationship thank you!

A couple of the investors on here have mentioned keeping business separate from personal assets so if business goes sour, you still have a home and a retirement account.You could start off by figuring how much of your home equity you are willing to risk and form a plan from there.

If you are a wholesaler, the IRS considers you a dealer anyway.Reason for the LLC is liability (protect personal assets in the event of a lawsuit) and ability to have expenses offset your income.

As you know I am diligently working at my strategy with keeping income properties - Is that return on asset or return on cash invested?

I would never take a house with a septic where I cannot confirm that it is going to be acceptable to the local authorities.

I was planning on contacting some of the owners in order to see if they are looking to sell or work out some sort of deal.Unfortunately for me this is coming at one of the worst times as I am about to have the majority of my liquid assets tied up in a purchase that is in the process to close….taking forever going on 4 months since the initial offer.Besides the aforementioned research I have approached my banks to see if I may be able to apply for a general pre-approval for a maximum amount so that if I was to jump on a deal I could get the financing hammered out in the time before final payment is due (waiting for a call back).

I expect to add another property next year to bring total gross up to 20K or better before I start leveraging these assets to acquire 1 or 2 properties in 2013.Jon - I don't know if they even go sledding on the hill here anymore.

I know you can obtain info regarding per-foreclosures/lis pendens at county courts but as far as bank owned assets/foreclosures.

You are then getting 30% discount on your expenses as this is before taxes.You should put your rentals in LLCs for asset protection.