If you have 5 properties with 5 separate management teams in 5 different states you’re going to have to file loads of taxes and keep track of 5 different management styles which will become a full time job.

@Hideaki YenYou just need to know a very basic understanding of accounting to get involved in real estate.Know that your gross income is rental income, late fees, pet fees, etcExpenses are items such as mortgage interest, real estate taxes, insurance, repairs, etcIf your strategy is cash-flow, your income should be higher than your expensesIf your strategy is appreciation, cash-flow may not matter as much.When you file your return, you will need a list of income/expenses from your rental property.Best of luck.

To resolve….1) contractor releases it2) you formally contest it, this shortens the time until it expires if the contractor doesn’t file suit3) file suit/action to have it removed4) do nothing, the lien typically expires in 1 year if the contractor doesn’t file suit

@Brandon Myking so there is a chance for a lawsuit to be filed against the landlord for damage to a tenant’s property. 

By the 2nd week, an eviction was filed and a court date was set.

@Alecia Loveless it might depend on how you file your taxes.

Can I still write up a partnership agreement with aunt and file partnership return?

Can I still write up a partnership agreement with aunt and file partnership return?

@Jordan Becker you can fast track you foreign LLC filing in a week for far less than you will pay a lawyer...it's a pretty straightforward process: https://www.ohiosos.gov/busine...

https://waysandmeans.house.gov/sites/democrats.waysandmeans.house.gov/files/documents/SubtitleISxS.pdf