In most instances it is also subject to self-employment tax.Hope this helps.

Each state has different requirements, but many courses are at home and self study and only require a few trips to a classroom.

You make your fee of 5k in 2.5 years if you self manage.

Although, I found out today the assessed value for 2012 was $22,360 and for 2013 has dropped to $13,350 so I would think the taxes will be less this year.Plugging all that into BP's mortgage calculator I'm coming up with a monthly payment of $324.58.I've confirmed the rent should be $650.

If the lender does not, we 'self escrow' in a separate reserve account (not an operating account or tenant trust account) that includes recurring expenses and anticipated capital costs.

Just like games have an objective to win it, you must prepare a "goals sheet" and ensuring every move you make leads towards those goals, which you should have a list of too, as games do seem to have a play-by-play nature to them.

Detroit is also part of a larger problem that Jon alluded to, elected officials across the country see demands for services but objections for the taxes to pay for them.

Because I was self employed already I could spend time doing real estate.

LOL..Now that I have disclaimed that, most people who are self employed need to have 2 years of Tax returns (sometimes 3) and most likely a year to date P&L.

That led me to attending some workshops in my area which allowed me to network with both seasoned and new investors like myself and really focus on self education.My main focus is on learning how to wholesale properties that would then sometime in the future allow me to move to a buy and hold strategy and build my real estate portfolio.