@Frank RizzoYou should identify exactly what it is you are doing for him and make sure they understand that the risk is their responsibility. 

He puts your tenant's tears on his hot dogs after he raises their rent. haha, love it mate.Believe it not, our rents are priced a bit lower than other PM's in the market.I guess that's why we keep vacancy across the book at 5% or less with only a few evictions each month if that.Thanks for the mention amigo Yea it's a balance that is important for investors to understand.

Robert Rixer,I think right now I want to focus on cash flow, I'm hoping the #doors will follow But at the begginer stage that I'm at it would be awesome to see a solid cash flow

@Michelle MayfieldI am a real estate agent and investor in Houston, TX.Katy, Cypress, Spring, some parts of Houston, Conroe, Tomball, Pearland are great markets.These cities tend to command quality tenants, and they have great schools.Get in touch with a local agent or investor and shorten your learning curve and save you a lot of headaches as they tend to understand the market better.All the best!

I understand this is for your parents, but I'm thinking future. 4.

But you can still treat it as resulting in Ordinary Income even though it is reported on Schedule E, which lets you properly report in accordance with the tax results it seems you are shooting for under the tax return loophole.If your CPA is looking at switching it between schedules to get that tax result...it sounds like they don't understand the reporting position fully and/or they just don't know how to use their own software to address it.In summary, based on what you are describing for the situation, it should go on Schedule E, with what sounds like the resulting refund of $17k.

It is my understanding there has been some case law stating that emails suffice, however I wouldn't bank on it and whatever you put in writing, make sure it is crystal clear.3.

Learn as much as possible so when you engage you understand the basics tennants of a flip.

I totally understand why some people get annoyed about cold callers.

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