I'm currently a college student with another year and a half to go, and I'm studying finance.

After reading plenty of material, I never came across people discussing taxes and LLC regarding buying and holding properties.So if I get this right, you would collect your rents for one year and when tax season is on, you would have to prove what maintenance, property taxes, insurance, P&I cost you in order to get it deducted ? 

Once you prove that a local lender will give you money, I think it is easier to have out-of-town institutions fund your future cash-outs. 

My question is figuring out my next move.This house is solely under my name and I am probably at 90% of my max buying power due to my DTI ratio (School loans are a pain), so financing another property could prove to be difficult. 

So I am now studying to get my real estate license and after I get it I am planning on working with Keller Williams realty and just want to know, or if you can provide advice or sources, how am I sure I am making the best deal for me and the buyer/seller?

Roy I was worried that no one would answer, and thank you so much for proving me wrong! 

My name is Bisrat Arega I'am 22 years old and I attend Eastern Washington University studying community health.

Study all the creative financing strategies and put them to use.

I'm 21 years old and currently studying economics in college and debating if I really want to transfer to UC Berkeley to pursue my degree.

Just dedicate yourself to doing it and let it prove itself.