I live in Louisville, Ky, and I wondering what kind of taxes to expect on cash-flow from rental houses and apartments.

I finally decided to take some kind of action.

This would be a whole another kind of learning curve, but I can't see paying $122/door in Charlotte for $950 blended weighted rent.

Do I need to see some kind of paperwork that verifies the rental rates are the same amounts that the seller says they are? 

I'm very new to land-lording and there was never any kind of a lease with her previous landlord.

Without appreciation, this kind of investing is a sham.So my clients in my very FIRST 3 bedroom/2bath home in Dublin, California is attracting a lot of wedding goers, some mix of business travelers, and families on vacation.   

My question is what kind of value can we put for the partnership in its current state.Thanks

My last visit to a Financial Planner was warning me against rental investment as part of my financial strategy.Mary 

The members have taken very kindly, have gave me their direct phone numbers and have been there for me to bounce questions off of.

this is a common theme of course on BP its pretty much every day.and you pretty much have all those that live in a market target a market .I like @James Wise cut and paste responses he does .. he nails it well and its worth cut and pasting every time someone ask the same question that has been asked 1000 times.I like to Add James that when going out of market.. also if you simply buy at the median price points of any given MSA your buying in an area were you have a lot of homeowners buying generally... so you get a mix of cash flow and appreciation and or more important you have a defined exit IE you can sell to a homeowner as opposed to buy at the bottom of the price point and the only out is to an investor..And Frankly your company is kind of a unicorn in the US.. there are not many companies like yours that specialize in reselling these assets for individual owner/investors.