Banks have also informed me that they could attribute no income to me, since I'm moving and starting a new firm.

Once they get 1% of landlords revenue I could see it going up to 2% ,3% in the next years .On the related note San Francisco is also proposing an additional tax on businesses for the homeless . https://www.cnbc.com/2018/07/17/san-francisco-to-consider-tax-on-companies-to-help-homeless.html——OAKLAND — As the Bay Area struggles with an alarming homelessness crisis, voters may soon decide whether to force Oakland’s biggest landlords to pay up to help house the city’s most vulnerable residents.Oakland Councilwoman Rebecca Kaplan wants to impose an extra 1 percent annual tax on rental revenue that exceeds $200,000, and use that money to fund homeless shelters, help homeless residents secure permanent housing and clean up the sprawling encampments that line many of the city’s sidewalks.The city needs more money to tackle the problem, and collecting it from Oakland’s biggest-earning landlords makes sense, Kaplan said.

In addition, It did not take longer for me to start feeling the pressure of the sell pitch.

Cheap market, but the fees/additional soft expenses drive me crazy, and you always see them at the VERY END!

In addition to Driving for Dollars, you can increase your mailing for money by working with a list broker to do more Mailing for Money.A lot of people have had a lot of luck mailing to Absentee Owners.

What are some ways of generating income in addition to renting out the residence in a house like this?

.), for which you should consult a knowledgeable CPA, but those revolve around shifting areas of taxation and deriving additional benefits.You'll want to do your flipping in an LLC (and if you plan on doing multiples, you should look into Series-LLC) for liability purposes (,  so that if a buyer of one of your flips comes back years after the sale with a lawsuit, you are protected).One way or another, the money gained from flipping is active income and you'll have to pay taxes for it.

I have never owned a home, so I have no real assets to put up to be approved finance through a hard money lender. so my question stems, should I use a FHA  loan for my fist investment (and home) for a buy and hold property , and then later utilize a hard money lender for additional Buy and hold investments?

Tax it at ordinary income tax rates, that is fair, as after all, the contribution was tax deferred, but to then take an additional 10% is unfair.

And I'm cashflowing an additional 12%.It is true that all of those issues are due to the tenant, but a good property management company should shield you from those issues.