After working with a lot of lenders over the years, the most important thing for me is their level of customer service (will they provide a lender letter promptly for you when you need to write an offer quickly, call the listing agent to help you get your offer accepted, pick up their phone for you, etc.) and do they close on time?

You don’t include the principal payoff that your guests are providing nor the property appreciation.

The IRS has provided a safe harbor for certain structural modifications to a building that are not treated as a demolition and thus, not properly chargeable to the capital account with respect to the land on which the building is located.

DO NOT use HUD's maximum rent allowance as a metric for determining your own market rent.Moreover, when a section 8 tenant applies for rental assistance, the housing provider will essentially underwrite their application to determine their voucher amount.

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

There's a lot of movement by a handful of Federal regulating bodies that are pushing to provide honesty and transparency up front for consumers.

Can provide my LinkedIn as proof. 

Hello Everyone,First of all I would like to thank everyone on Bigger Pockets for providing such a great platform for rookies.  

If we did a deal using the numbers provided above we could cashflow around that $500 per month. 

It does not give you the protection of a properly formed LLC, but it does provide a bit of anonymity and can spell out the division of income to the beneficiaries in the trust docs.There should be no transfer tax involved with the trust, and it will not trigger any due-on-sale clause thanks to Garn-St Germain.BTW, if you do use a trust, only record the Deed into Trust, but NOT the entire trust declaration.