So wouldn't that make your cash flow for the first 2 properties the sum of the rent minus HOA, taxes, and %for cap expenses and vacancies?

I chose orange county because I am somewhat familiar with the area as I travel there quite often, the taxes are lower than nearby Rockland and Westchester counties, and the percentage of home sales have risen more than the respective counties over the past year. 

I pay the property taxes, and tenants take care of maintenance, insurance for their trailers, and all the utility bills. 

We only moved the toilet about three feet to the shower, so it's not like it's long distance heavy lifting to put it back, if they want.108 year old house, FHA and HUD and income taxes didn't even exist when it was built.There was also some other little stuff that was a few hours in an afternoon of work for the buyers.

For instance, I didn’t get the actual property tax amount.

Loan Info: Owner is carrying note for $285,000 and I'm putting 50K down. 15 year loan @ 4.35% -- W/Tax, ins, ect -- my payment is @ $2150/MO.The 2 BD/1BR's rent for $600 for upper and $500 for lower (although they are the exact same layouts).

My problem is that I am having a problem establishing my farm area since the prices in this area and the taxes make it hard to find something that I can invest in.

We have had other candidates who say they are self employed but our process requires tax returns - although we have had a couple who could produce the appropriate pages, most of them go on to admit they don't report it and thus are unable to verify the income.

I was reading Amanda Han's Book on Tax Strategies, and was surprised to read (on p. 104)  that "Fix-and-flip properties are not generally eligible for long-term capital gains tax rates, regardless of how long you own the property before selling it."

Can a business obtain credit cards without a social security number backing up a tax id number?