Now we are in a position where we can dump the cash we pulled out into another deal along with the money available in our HELOC.

You can use the standard rental income form or I believe IRS prefers it to be taken as self-employment income (schedule e / schedule c) which if is a loss, can be deducted off your regular income, however if positive may incur paying more.

Most of it comes from natural sprawl due to its position between the hot markets of Wynwood, the Design District, and Coral Gables.

Now I am required to write and sign a formal position statement to be submitted to the MA Commission Against Discrimintation.

Does it matter if I lose 100, 200 or 300 dollars a month on it when I know eventually it will Eventually be Paige off by renters and will be all positive cash flow down the road?

I am not in a position to drive to out of state locations repeatedly to look at property, and if I had to hire a property manager it would drastically increase my costs on a 15 year loan.  

I have no clue as to how good it is or is not or how much it may cost.although I have been around a lot of different HOW TO guys over the years.. and like anything.. if he sells 100 people on the big dog program 10 or so will take it and run.. 10 or so will muddle the rest will just kind of fade away.you have to look within and see if you are in a position to succeed in real estate... its not as easy as just taking a course and your now going to succeed... real estate generally speaking takes time,, money and some how gain experience. so for sure those that have limited investing capital limited experience.. no real contacts in the industry.. will find it pretty tough to almost no way anything will happen other than get jacked up at the event.Assess were your at personally.. 

Here’s my unique position: Pros:- I’m employed- working in tech affords me a high salary- great credit- young (for now haha)Cons:- less than 5k in working capital for deals- young and inexperienced- in NYCThe easiest solution to get started would be to house hack but I don’t have enough money for the down payment on a high priced home.

@Eric Lee, I’m in a similar position as you - bought first rental at end of last year, used to doing taxes myself, etc.  

Account Closed  Have you pursued JV partners to fund deals, or at least to bring enough funds for a 10-20% position and then hard money for the remaining?