You are correct, income from note P&I and any other borrower payments are considered ordinary income.

I loved the feature of adding new properties to the Rental Portfolio and seeing them all in one place.  I'm bummed I don't see that feature any longer.  Has it been moved to another location?

There's a property in my radar that seems to be inflated in property tax value comparatively to other surrounding multi-families. This seems to be erroneous. Can you challenge the accessed value and estate tax?

But splitting 50/50 is possible if an agreement is written correctly. 

Many of these older building have electrical running all over the place and not cleanly to the correct meters for each unit. 

@Filipe PereiraHi Filipe,You are correct, most people see REI as an opportunity to quit their full time jobs.I really can't understand why though.

Therefore I figured it would be tough to just put another down payment on another MF which if I've been told correctly, would have to be at least 20% if I'm not living in the property?

If I understand correctly the capital gains tax rates have changed for 2017 such that under about $75K income there is 0% long term capital gains.

But once you have a solid QI on your team, a lot of the pressure will be off you - someone is there to tell you what each step is and make sure everything is documented appropriately, which is totally worth $750 to me, personally.If you're interested in staying invested in RE, a 1031 is a powerful tool to get accustomed to.

Another perk is they have access to credit tools like rapid re-scores or updates.