If you have losses that high then it is worth your money to hire a CPA to prepare your tax return.They are paper losses not actual losses in the bank.What will be an example of passive income that is not real estate rentals.I'm assuming that capital gain from stocks is not included and can't be used to offset real estate losses even though they are passive income?

So you are exceeding 1% on the structure costs only and not including any land value.  

Sometimes you feel more comfortable putting a face to a name, but I think you can be very well served and receive a quality product by just talking over email or the phone just fine.

In this instance you collect your rent as the tenant is paid and the company either mails you a check (wage assignment) or splits the tenants direct deposit to send your portion to your bank.

The attorney who reviewed my contract was also able to confirm the typical lease rates.Oh, one thing I forgot to mention is be sure to include how and when the lease rates will increase.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

Some of the people you want to talk to include mobile home park managers, owners and mobile home dealerships in the area.

@Kevin Noesner I'm on the mail list for the national brokers like Cushman & Wakefield, CBRE, JLL and Marcus & Millichap.

When your rental income and deductions are on Schedule E you deduct in the year you pay, period.3) Read through the IRS Publication in Rental Income and Expenses make sure you are keeping records and deducting everything you can. https://www.irs.gov/publications/p5274) If you spent 250 hours over the course of the year on matters relating to the properties you can take the QBI safe harbor which deducts 20% from your final after-expenses number.There are other areas to look at in your tax picture that can impact the amount you pay over (your top tax bracket).

The business is about leveraging so I recommend With a $100K in cash and $100K Heloc get approved for a loan that includes renovation $.