I am not a cpa, but I hire one to do my income taxes.

@Paul Teske - the best advice is that you hire an agent and let him/her handle it.

Dude who did you hire for a narrator.

We ended up hiring a guy to go fix it, but sounds like we'll just incur the cost. 

@Naomi Bjerk yes this is an especially good strategy for vacation rentals, turn key rentals, Air BnB and commercial property. 

(*The marketing costs, and the commission splits, don't necessarily have to be split equaly between all team members...the trick is to make it a win-win).These numbers are plucked from thin air, but these are the types of things you'll want to keep track of to see if the ROI is there. 

Purely financially speaking, money sitting in a house unused is dead equity, the same as if you had a bunch of workers that you hired sitting around doing nothing instead of making you more money.

I am Air Force veteran, separated early this year, live in San Jose.

I have done everything from sheet-rock to hardwood floors to roofing and plan to fix my first properties myself with the help of my brothers until I get the ball rolling and can afford to hire contractors. 

I recently have hired employees to help renovate and manage properties, which is a whole new learning experience for me.