I am new to the real estate industry and picked up the latest property Tax paper in my county.

@Kalyn Williamswe give our tenants the option of using an app called “Venmo” It works very well for us.There is a paper trail of payments for when you need it.

@Derek Robinson you can invest in Multifamily syndications if you are an accredited investor because most of the syndicators accept only accredited investors but some do take sophisticated investors if you are not an accredited investor and you can sit and see the money being directly deposited to your account and also you can reap the benefit of cost segregation and accelerated depreciation and wash off your other passive income with paper loss in apartment investment.

Wyoming charges $60 plus $10 per series each time (unless you do them all at once) and it must be done on paper.

@Ken MartinI am transitioning my actively managed rental portfolio to passive syndication investments.I wrestle with the question your investors pose.The bonus depreciation helps offset the capital gains provided you are considered an active RE participant.Generally investors in syndications will get a “paper loss” in year one equal to about 70 to 80% of the investment amount.Of course, consult a CPA.

When I started putting numbers to paper, it looked like I was going to need at least 3 houses with at least 8 beds each for it to make sense.

I've obviously used my personal cards to get some things (i.e. website) up and running because my LLC papers are still being processed so I haven't been able to get a bank account opened for the business....

I have found an out of state rental that looks good on paper with good numbers.

So I have a prospective tenant that looks excellent on paper but they have a large dog --- a Husky.

I laughed and asked the guy if it's because the paper promised to follow up and put him on the front page.