That's more than enough to justify a new full-time employee, cover all your expenses, and produce a really nice profit.

I'm actually considering making electronic rent payment mandatory for my tenants.I tried using Buildium for a bit, but I couldn't justify the cost.

This coverage will offer defense and claims settlement for alleged or actual injury caused by CO2 emissions from a heating or air conditioning source.You can add a "personal umbrella" to cover your personal liability exposures of your home and auto, if your net worth justifies it, but you should keep any income producing assets separate from your personal liabilities.All that being said, it is easy to increase your limit of liability on all of your underline rentals from $1,000,000 to $2,000,000 for about $7/mo/location. 

The Corporation would pay the same amounts and Unemployment taxes as well.SO:Corp Income: $15,000Corp Exp: -$6,000 (Salary)Payroll Tax: -$459Corp Taxable Income : $8,541Corp Tax: $1,281.15IF taxed as a PHC and you did not distribute the income, you would pay an additional: $1,281.15Totaling: $2,562.3Personal Return: Plus $6,000 income as wages on Line 7.You would receive pay check for $6,000 minus $459 SS and Medicare minus any federal and state taxes withheld.IF you only have one loan out of it, then it becomes difficult to justify that it is a one and done loan for the year."

That would be justified and what that is for.

i am in the advanced training now. and it cost a pretty penny, which i must say i do regret in some ways. i decided to take the "package" that has 3 courses and opted for doing 2 courses online so far (they include the ability to attend the same courses in person too if you want w/in a 2 year period). they use adobe connect for their e-learning and i feel that the combination of quality of teacher, teaching materials, and use of technology are important in the outcome of the class. well one instructor is fabulous at teaching and uses the technology well, the class materials aren't so bad either (provided by the company so the teacher has no choice). the other instructor, however, is AWFUL. i can't say i learned anything that even the BACK blurb of a book could teach you. he was repetitive, offered little useful information, and seemed to permanently be off-topic. the advanced training in my opinion is at least 3x more in price than can be justified, and even when learning useful information with a great teacher, i wouldn't say it's all you need to be on your way to becoming an investor. it definitely sets you up but it sets you up to be a newbie - i can't tell you how many people posted on the tigrent discussion boards (formerly WIA) with their new websites and business card designs after the first couple classes (doing so was our "homework"). it was like a flood of "i buy houses" .coms, which is a great effort, but to me also an unfortunate aftermath of misguided investors-in-training. all in all of the 2 classes i took so far, it was a 50% disappointment (because of the instructor) and definitely way more expensive than its worth. i plan on attending the 3rd class because i paid for it, and i also eventually plan on attending the 2 e-courses in person in the future, but there is no doubt that i will be reading, researching, and investing in more affordable education to bolster my knowledge (books, tapes, etc) beyond what this training has given me.in fact, i am currently looking into al aiello's goldmine tax program and trying to find out if that is really worth the money -- i would be grateful if anyone had any info to offer. also, i am happy to answer questions about my RDPD experiences and thoughts. i tried hard to find useful reviews and accounts of others' experiences before opting in for the training, but didn't find the type of info i was looking for, so i hope to offer a useful personal account to anyone who is considering it themselves.

A $500 course would be easy to justify a $10,000 course might be justifiable.An investor might not necessarily have a business, but is allowed to deduct expenses related to investing.

These properties are generally more affordable as you very well know :-)However, I do agree that if @Edward Rife puts TOO much of renovations, he may not be able to justify it in the rents as Section 8 board CAPS their rent offers, regardless of renovations/upgrades. 

Since you bought the appliances and installed them in the rental, you can depreciate the cost of each appliance on a five year schedule, separately from the 27.5 year depreciation schedule for the dwelling structure.Yes, plumbing fixtures can be depreciated separately over 27.5 years -- same as the dwelling structure itself -- but why bother when there is no advantage to justify the cost of a segregation study.  

Notice to the lender has caveats as to notice and asking them to deny consent or consent is assumed, but this is only a ploy to justify the position of a buyer, it may or may not work.As Brian mentioned, the due on sale can be an issue with either one.Lenders will generally treat an installment sale the same as they do with a lease, 75% of income to off set the debt.