You're going to want to set aside for water heaters, furnace repairs (which are hella expensive because they only fail when it's an emergency) and the roof.That all said, when I first started, I broke even for a while.

I have seen on this website answers both ways regarding this (the site administrator saying leave it in Sch A, and his colleague (also a enrolled agent) advising that it can be written off in Sch E, but that there are certain restrictions mainly -- you must have passive activity gains where the deductions are covered (no passive activity loss carry over allowed.

Ashish Welcome to the site Ashish.1st things 1st you had mentioned you are looking into my stomping grounds...Cleveland, Ohio.

I look forward to exchanging lots of thoughts and ideas here.Best,Ron Welcome to the site Ron.

Welcome to the site Lara.

That being said the site is great I’ll happily deal with the less than ideal app to get great content.

On this site, where might I find the best information for learning more about the nitty gritty of what it takes to be a successful agent?

The homeowners trust Redfin, Zillow, and all those sites.  

My plan was to get it under contract then hunt for a cash buyer on different sites.  

@Brian KosackSome good sites to look into are neighborhood scout and city data Also you want to consider the tenant class you are looking into- Have you analyzed deals in the areas you are looking into?