I won't accept ANY boarded up houses on the block.

While the first spouse receives the deduction, the second spouse then claims that income on -  Schedule C - and pays self employment tax.It's the exact same result, but you've at least transferred some Social Security/Medicare over to the second spouse for retirement purposes down the road, so that's good.If you're looking to figure this out for being a landlord, then you just put everything on one Schedule E for property you own jointly.  

I hit the web and stumbled across biggerpockets i have been stalking the forums podcasts blogs and webinars as much as possible but hesitated to reach out. well i couldn't have found bp soon enough because i have now stumbled upon a partnership that is willing to  finance a small multi family, and put the title in my name, in exchange for 50% of future profit.needless to say i am very nervous as a couple months of reading in no way make me a qualified investment vehicle. but i am not willing to let this opportunity to enter the field of my dreams disappear. nobody in my extended social circle has any viable knowledge in real estate. so hear i am reaching out to the multitudes of knowledgable investors here on bp. i am open and grate full for any advice and criticism on any topic and would really love to find someone who understands my market.

I'm wondering if I can ask my property manager if they can not accept applications from students. 

@Brent Coombs I have an accepted offer of 193k that has become complicated (see my post seller reneged).  

In my situation I'm only buying non-performing notes so I am paying  less for the notes but accepting a higher, but manageable risk for doings so.

If no acceptable bids, there will be daily collection and review periods for the next 5 days until the 16th day when investors are allowed to bid.As I plan to live in the house for a few years while fixing it up and saving up the next downpayment, I placed a bid in the initial bid period for owner occupants.

The pros are:- It lends some credibility (for whatever that is worth)- You do learn what is legal, ethical and accepted practice in the area (but you can depend on an agent partner for that)- Access to MLS, so that you can be the 20th offer and get outbid 99 out of 100 times.  

So now I have just put 2 houses back on the MLS, but rather than just wait to another agent to bring me a buyer or do our usual marketing( we do a lot of social media) I wanted to see what everyone else is doing to sell their houses fast.

I am here to network, ask for tips, find local meetup groups, analyze deals, and just socialize.