I understand youre not a lawyer but id appreciate any feedback on this.

I understand youre not a lawyer but id appreciate any feedback on this.

Yes, there's a lot of good If you get a chance, I'd read through The Ultimate Beginner's Guide and I wouldn't worry about trying to learn everything at once or before you make the first step.

@Andrew R. the NRW 91-01: Withholding on Sale of Real Property by Nonresidents is a good link - I went to bookmark it and found I had already done so in 2012 :)My understanding is that it's "withholding" meaning the seller may get some or all of it back once s/he/they file a tax return in Rhode Island for that year.Also a close reading mentions a possible exemption for sellers 55+"In the event that the sale of the property by a nonresident will not be subject to tax under Sections 121 (One-Time Exclusion - Over 55 Principal Residents)... the nonresident seller must make the gain election and file the RI Form 71.3 Election even though no withholding need be made""If the property Martha was selling was her residence and if she otherwise qualified and intends to treat the sale under Section 121 of the Internal Revenue Code (one Time Exclusion Over 55 Principal Residence), she would still have to file the election form 20 days before the closing but would complete the election form and use the special types of transactions area on the back.

Rental Monthly Income $4,800.00 (8 rooms x 600) ------- 4800 x 12 = $57,600.00 Monthly Gross Operation Expenses Mortgage950.00 Taxes191.00 Insurance 166.00 Maintenance Housekeeping 216.00 ...

The reviews I read on this platform saved me thousands.

(Call and interview them to find a good match)How many books on real estate have you read in the last 6 months? 

Make sure to read the Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing

Smaller towns around Atlanta because that's where I invest.I found this thread interesting enough to read through the answers but really the way you should do this is to use facts.

We welcome all encouragement and advise.Thanks for reading & God Bless !