You pay tax on the "profit" each year, as defined by the IRS.if your 'gross' rent is $14,000 , you get to deduct many expenses from that before you (and your accountant, if you use one) calculate the "taxable income".Deductions include:all of the interest you paid on mortgage(s) on the properties (but not the principal repayment portion of the loan)the cost of property taxesthe cost of insurancemaintenance expensesfee of a property manager, if you pay oneand "depreciation" (defined as the cost of the building (excluding the land), divided over 27.5 years.

My thinking is the $2K will be considered regular income taxed at the tax bracket rate defined by my W2 job.

Most other major metro areas have clearly defined lines between good and bad areas, where here things can change drastically from one block to the next.

If it is legally defined as a 2 bedroom unit, they cannot use the living room as a third bedroom.

Are you going wrong is simple math and defined as compound interest.

Only you can define your criteria but I personally would rather spend time on quality leads that would fit my wholesaler criteria than just a broad blast.

I requested to remove a few trees in the middle of the lot and followed their defined process to do this which included sending a request form.Fast forward two months, and I had not heard from the HOA board, so I reached out and got a reply from the HOA President to meet me there at a specified time to discuss which trees to remove.

I'll definately explore that option some more.

The Real Estate License Act that took effect June 1, 2003, defines what acts constitute “real estate brokerage”:Specifically a “Broker” means a person who, in exchange for a commission or OTHER VALUABLE CONSIDERATION, or with the expectation of receiving a commission OR OTHER VALUABLE CONSIDERATION, performs for another person of the following acts:(1) Sells, exchanges, purchases or leases real estate;(2) Offers to sell, exchange, purchase or lease real estate;(3) negotiates or attempts to negotiate the listing, sale exchange, purchase or lease of real estate; (4) Lists or offers, attempts, or agrees to list real estate for sale, lease or exchange;(5) Auctions or offers or offers, attempts or agrees to auction real estate;(6) Deals in option on real estate, including a lease to purchase or buying, selling or offering to buy or sell options on real estate;(7) Aids or offers or attempts to aid in locating or obtaining real estate for purchase or lease…2What is the effect on wholesale (assignment) transactions?

You want to define your target area and where is the best place to invest. 1.