You should also account for vacancy, a good rule of thumb is to use a conservative number of 8% (30 days out of 365)3. 

None of my tenants use credit cards, they all set up direct withdrawals from their bank account. 

I would assume the 1031 would account for that as far as my parents are concerned but not sure for us as far as our ownership (which would not be qualified as "1031" since this is a primary residence)Does anyone have experience with doing something like this or suggestions? 

If you take out more than the balance of the credit cards, you will now be paying 7% (+ or -) annually on money to buy properties that yield more than 7%. 

The remaining 10% I have in cash sitting in an online savings account.  

But...If I wanted to engage in other REI deals with money straight from my savings account, would I have to form a separate business entity in order to take part?

The fast ferries should make it even hotter; but much of the appreciation is taken into account.

Assuming an 8% to 10% annual CoC return, you would need to invest $720,000 to $900,000 to make the $6,000 a month.

I'm no tax accountant, but I believe either choice, the shade or the gift card, is tax deductible.

Account ClosedC,Can you be more specific?