They don't account for the time spent on the property which dramatically reduces the actual return.

I do have the 20% down payment in account that's not my emergency fund.

IE most folks renting <$900 do not have bank accounts.   

Originally posted by Account Closed:That's really stunning.

Depends on your goals, your timeline, the amount of money you are planning on investing, the cash flow it generates, if you are married or single, your annual income, your tolerance for "tenants, turmoil & toilets", and a couple of other things.

Does anyone have a legally reviewed/approved non-recourse Promissory Note they could share that was used for a self-directed IRA account transaction in which the IRA acct. was the Note issuer?

My debt is under control and I have a savings account just for investments.

@Christopher Phillips and @John Leavelle: what should I be accounting for in repairs and capex?

So far, the accounting firm had been filing 1120 form, but I was wondering if we can file in the form 1120-H ourselves without involving an accounting firm.

To their defense now S8 in Houston is on a bi-annual inspection, which should help some.