Sec 8 or not they still have to be accepted based on our criteria which is another main reason not many qualify.

A plumber in Milwaukee bid about $9000 to do some rough plumbing, move a couple supply/drain lines and install new sinks/tubs/fixtures in a 2.5 bath house.I asked him to break down the bid for me so I could understand where the price was coming from.

My main concern is that this form might make it difficult me to do a 1031 exchange down the road if I indicate that I intend to use the house as my principal residence.

Buying 600 properties doesn't mean he got 600 houses, he likely bought a large supply of unbuildable land, a lifetime supply of crack houses and perhaps 30 or 40 nice houses.

I guess my main question is: If the trust hold the property, rents should be made to the trust, can this still be included on my personal tax return?

Materials & supplies are usually for sale at a Mobile Home Supply store.

If it just sits on this small parcel for the building in a residential area on that slope you can do much better.I haven't even gotten into the age of the building.If it's really old you could have to tear up everything to redo the water main into the building.

So we're familiar with that entire process, and landlord/ tenant dynamics.My main business is computer technical support, which I've been doing full-time, independently, for the past 9 years.My main goals at this point would probably be to learn enough, make decent contacts, and get started in an appropriate way.

Richard look up your local real estate investor association.If you go to work for a flipper to learn the business make sure you are not used and abused.Make sure they have completed a certain volume of deals and that they have the knowledge to give you.What investors do not want is to work with someone with no drive who wastes their time.If they will pay you a decent wage that is at least what you are making now or more,you hit it off from the start,etc. then you are on your way.Eventually you can partner with them on some deals when you save up some more cash and they will show you how to save and supplies and do quality repairs and upgrades in a fast manner.

Read links I supplied earlier, explaining about certificates of insurance and that you are to be named as certificate holder or additional insured.