Don't look at Zestimates and think they can be relied on, as they don't take all the criteria into account.

Like I said I am totally green in the world of real estate and looking for as much education as possible.

Your agent is Totally out of line....I’m a former agent too.

I do:deduct the mortgage payment for the propertyAfter variable expenses 5% , capital expenses 10%, vacancy and insurance 6%.Percentage is of the total rent collected.The remainder from the rent should be my cash flow.

We have totally outgrown that area and I'm trying to find a place that can host 30-40 ppl.

Recently just did a total rehab and debating on selling it or pulling equity out?

Experience, however, taught us through the years that if you have teenagers who total cars, even if not their fault (mostly), your umbrella insurance can be dropped rather quickly, and then you're basically paying higher individual property liability insurance rates until you can get it back. 

Totally personal decision...... time is $$.

Need help with adjusted cost basis of this home when converted to rental in 2017 for filing 2017 taxes.With original purchase and subsequent refinances(4 total) there are typical closing costs, such as points, title, recording and other lender fees.I've being doing taxes myself for my personal and other rental properties I own.Here are my questions:1) in addition to title, recording, what other escrow, title or loan related expenses from the original purchase in 2004 can be added to the cost basis adjustment?

Had a partner, who owned 2 duplexes and I just bought 1 from him for 140K (rents are total 1650/month), because I'd like to control the whole complex.Most are in their late 20's or early 30's.