You owe income taxes and FICA(15.3% social sec and Medicare)Of course profit less overhead.That is way it works.

Or the state DHHS:  NC DHHS- Division of Social Services at 919-733-3055

I simply sent back his application (since it had his social security number) and his security deposit back to him with a note saying the place was rented. 

My husband and I are also investing with a mission - to revitalize a poor neighborhood, to give people with poor housing options a chance, and to try to understand the poverty issue up close and personal with eyes and heart to better solutions.  

In case you forgot, Biggerpockets.com is a "Social network for the real estate investing community.

You are revitalizing, offering space for social contribution, commerce and community development.

And someday, if Title III crowdfunding is ever legalized, you get all the social benefits of having your community invest along side with you. 

I've seen a few REI announcements flying around, but we may need to have a BP social some time soon for South Floridians!

Other resources Facebook, Google search, Linkend, social media, ask for several referrals so you may call each of them and verify the person or company you are looking to hire (VERIFY THE REFFERALS as well), visit them and the market you choose, and or call several local real estate agents and ask questions they will be able to help a lot.

Be sure to read through The Ultimate Beginner's Guide to Real Estate Investing to help you get started.Also - here's a couple articles you might enjoy:The 21 Best Real Estate Investing Books Ever How to Rent Your House: The Definitive Step by Step GuideHow to Be a Landlord: Ten Tips for SuccessFinally -be sure to setup some keyword alerts - especially for "Mission" so you can jump into local conversations.See you around the forums!