Additionally, there are other opportunities I refer to as fail safes which can include DST's and TICs both of which, assuming you align yourself with the correct person or company, will often provide a better rate of return than you can receive yourself.

If I haven't even received the estimate yet, I know the work hasn't started - how long is this property going to sit?  

I just received an email from Douglas.

I posted this on the Tax Forum but received no responses so thanks in advance for your help!

If we are talking about a business entity, you will probably be receiving something like a K-1, which will show your income, the type of income, and any pass-throughs and adjustments.  

What I mean when I say they are different is the types of responses you will receive.

You have received some good advice. 

(For Newbies That's the percentage of your down payment you receive back each year after taxes, insurance, vacancy, maintenance, debt service and property management.

There are a couple of issues to consider here:The income you received from your tenant is taxable and needs to be filed using Form 1040What was the price you paid for the house vs. what you sold it forHow long did you live in the houseDid you make any capital improvements to the houseGood luck!

Roy, that is extremely funny...however if that agent ever receives an offer frome you again he will probably throw it in the trash...at least that's what I would do.