Better yet, anyone can recommend true and tried tax pro who specializes in this area real estate professional and passive loss rules?

Higher monthly costs via higher insurance, taxes, etc?

The question I have is, does the insurance and property tax get calculated in as part of the 50% expense?

In such a case, it could be that their income is not a reliable cash flow to make payments, even if a tax return on the average indicates the ability to pay.

Taxes are sky high which makes finding a deal a truly rare thing from what I've seen.

Knowing the ins and outs of the numbers and tax consequences of owning real estate, as well as the realities of rehabbing and the construction industry in general will no doubt set us up to be successful if we continue to work hard towards our goals.So far: We moved out of our personal residence (SFR) in March of this year, and purchased and moved into a duplex on the other side of town.

Hello everyone.  I am considering using a 401k loan to supplement my cash on hand for down payment and initial reserves (for a 4 unit investment property).  My question is, if I am using my cash flow to make payments ...

There are two things to consider with that:  1) if you decide to sell it, and have shown your house as partially rented on your taxes (which you should), then capital gains tax will come into play on the rented portion.  2) For your next purchase, unless you have a lease in place for the whole home, you will have a hard time purchasing a multi-family as your next live in flip.  

Remember that when you consider getting rid of it for a small one-time payday at high tax rates.  

Would it be better for tax purposes to remodel the bathroom while I live in it or wait until I move out and remodel it while it is a rental property?