Such a great way to get the ball rolling with rentals/landlording.You will claim what they pay you in rent as income on your Schedule E. 

Hi @Stephen E..

Secured transactions, creditors' rights, bankruptcy, securities regulation, federal tax and trusts and estates should be helpful courses.I did a summer with V&E but can't otherwise speak to Texas.Good luck.          

I also send the letter via e-mail and text, so the tenant has multiple notification methods.

This is for general accounting purposes, not for translating to a Schedule E tax document.

@Dylan Bowman Have you filled out a 1040 schedule E with writing off expenses and depreciating the value of the structure over 27.5 years?

@Brendon B. and @Jason E.

You'll also have office fees, ctme contract fees, Realtor dues if you become one, O&E insurance, website, etc, etc.

This is for general accounting purposes, not for translating to a Schedule E tax document.

@Mary Arobaga-ReardonIf your only goal is to borrow from the Solo 401(k), then you do not need to take on the complexity of administering of a fully self-directed 401(k) plan.Try E*Trade or UBS.