View report *This link comes directly from our calculators, based on information input by the member who posted.Hello, I am new Real Estate investor and have been analyzing 1 deal a day since upgrading to PRO about a month ago.

Google "old ammunition" because anything with explosives in it can sometimes become unstable with age.I've seen a couple of news reports over the years where people found old sticks of dynamite in their home (put there before people understood the risks involved).

I found having conventional  loans on my rentals that were reported to fico ( had 12 to 14 of them at one time) those really kept my fico down.. did not affect me in business but it did affect me trying to get the very best rate on my owner occ home / homes through the years .. now that I have sold all but one my credit shot up 100 points to high 700s  first time ever.. and well I don't need it now since I am aggressively paying off ALL my long term liabilities. 

Sick of the hassle of reporting my financials every year.

In the latter instance there may be a chance the proceeds would not be reported as yours personally.

Without significant effort employed in this "business", you run afoul of hobby loss reporting rules. 

You need to have a lead inspection done and have a licensed deleader use that inspection report to correct all the lead hazards to the current laws.

I would think that you have to draft new rental contract when taking over and latest at that point you will obtain renters SS to run credit reports, background check and rental history.

Does this impact reportable income?

View report*This link comes directly from our calculators, based on information input by the member who posted.Hi all,This is the second deal I have analyzed.