On a 1099-R, Box 1 for "Gross distribution" is basically "income" on Line 15a of the 1040, right?

Keep plenty of cash (or highly liquid, safe securities) reserves - I keep a minimum of $50k for my 10 units.Your cash flow is first line of defense.

Contact your insurance provider and see what they will cover and the cost of that coverage before considering purchase.Unfortunately a pool has a negative impact on the bottom line not positive. 

The distribution centers recently built by Amazon and U-Line on the I-94 corridor are gigantic.

@Curtis Rouse Thank you for sharing your calculations, there are line items I did not account for in my calculations and will employ these!

Lining the loan up afterwards is similar, there is no time crunch for closing and gives you time to search for best funding. other than that, you can search for better rates but you'll be within .25% of that most likelycongrats!!

I found a cute 2 bed 1 bath rambler for $92k and I’m the same area I found a company that specializes in real estate investing using all of the important keywords to make sure their ad appears.

I have a home equity line of credit close to $100K.

Hi Steven, just a few things that I noticedPropertiesFlipper: 4 bed 2 bath 2k sqft264 W Britannia St: 3 x 2.55 Parker Terrace: 3 x 2I believe that comps should be considered if it sold less than 6 months past the current dateThe bed & bath should have the same numbers & home sqftage should be around the same as wellIf the home you are analyzing is really a 4 x 2 you should be able to get more than the 295k stated in the report as 264 Britannia was sold for 320kNeighborhood RadiusNot familiar with this area but the neighborhoods should be comparable.

Also, are you able to bring some of your cash by taking out home equity lines or borrowed cash too?