The salary can be adjusted as to however it is designed, say to the number of units managed.

I would place $750K in low LTV private mortgage loans yielding 12% and up and $750K in income producing real estate with short term leases than can be adjusted quickly should high inflation become a reality.

And you are a cousin to a motel owner without the benefit of being in the area.

The real benefit of the tax treatment of rental income is that you avoid some of the tax on the rental income.

Joel, Sec 8 tenants can make up a difference over the entitlement to market rates but it can not exceed a third of their income.And Joel is correct in that FMR can be adjusted and less can be allocated for your property, but you can also opt out of Sec 8 before such rate changes take effect as they will be paid to the end of the lease term.

You lose:- benefits (such as medical) which are costly to get on your own- a source of recurring funds- some ability to get lines of credit of loans- ability to qualify for various loans at banks- a lot of your ability to get back in the job market several years later, if you change your mindIf you do, make sure you have a large cash cushion in the bank.

There Are Many Benefits Like The Ability To Obtain Credit In The Future As Well As the Ability To Take Advantage Of Bankruptcy Protection In The Future In Case You Make Some Bad Decisions.

It is adjustable every month.

Any benefit from sending an email copy so they get it faster ?

Hi Kristin,It really depends on what the after repair value of the house is if you intend to wholesale the deal.A typical formula (some adjustments are made for market strength or location) is that a cash buyer is going to want to spend no more than 70% of ARV minus the fix up costs.