PA has some crazy law that if it is from an estate : borrower passed away then the auction bidder/winner is responsible for those taxes on the property which is nuts but the case

My monthly HH income is 16k USD after tax.After looking at multiple properties and calculating the overall net income it is quite difficult to come to a net positive cashflow (taking into account Mortgage payment, HOA, property taxes, insurance, rental taxes). 

I called the county, and was told: (a) that "cove" doesn't meet the *current* definition of a bedroom, BUT for older MH, they go by what the manufacturer classified it as when it was sold; (b) the property tax listing for the lot identifies the MH as "personal property", so doesn't identify the number of bedrooms and baths; (c) the septic permit was made for a two bedroom residence.I have failed in my many attempts to locate any records as to how the manufacturer described this originally. 

like repairs/maintenance, PM fee, utilities, taxes, etc?

My situation is that I wonder if I can use being a real estate agent as a strategy to save on taxes by creating a solo 401k.

NJ is expensive, especially the taxes. 

Between risk, tenant hassles, vacancies, mortgage payments, property taxes, insurance payments, replacing a roof, water heater and so, it takes a lot of appreciation to actually get ahead on that.

Hi,I am looking for referrals to a CPA in Ohio to help me get myself set up as a new landlord and to file taxes for 2020 tax year and beyond.

Hi Jackie,Yes, Single Member LLC can be taxed on your personal tax return as it is a pass-through taxation entity.

Maybe tax or perhaps hoa lien??