Once that is completed, then run the credit for those that meet the first round of criteria.You can double check but I have not heard you have to prioritize a Section 8 tenant, you just can't reject them because of source of income.

Transfer taxes, recordation taxes, lenders title insurance, owners title insurance, closing fees, lender fees, appraisal, survey, deed prep, recording fees, insurance, escrow 

Your goal is par pricing, which is as close to not having a cost or credit for a specific rate as you can get.

As a Tax Baby I finally figured out after 50 years how to offset my tax burden through real estate! 

Ended up getting price reduces and seller credits in order to conduct some repairs.

I would pay the same income tax and add fica on the sched C.

Take a “break even” sale before interest, utilities, taxes, insurance eat you up?

Is this a true 10% cap or is this what I refer to as the "realtor special" where taxes, insurance, water and a nominal maintenance budgetary number is included.

I've heard in the US, you could get a credit card from home depot and there was no interest for the first 6 months.

Hi Shree,Make sure you have a business privilege license and get a tax account number before you apply for the rental license.