I have 5 brand new, full gut single family renovations I'd like to hold for rent.

I plan on self management and getting rid of my w2 job and do real estate full time so I need to learn this before I get to many problems on my plate. 

If you're a prospective buyer of a multi-family unit, here's another tip you might find useful when you're kicking the tires on a prospective property.Don't just look at the currently occupancy, check the eviction filings for that property address (it is probably public record at the courthouse - depending on where you're located). 

I will begin working full-time as real estate agent in 2019, so I don’t foresee lending getting any easier down the road)

I have 3 other rentals in Fl with lots of equity but not enough to pay full price for this tiny home.

Purchase price: $210,000 Cash invested: $190,000 Sale price: $490,000 Full gut, new roof, repaved driveway, etc.

Public transportation like you describe coming in 3.5 years almost always raises property values and usually greatly increases rental profits and stability therefore resale value.

And that depends on your AGI.Have to disagree with my colleague's advice about reading IRS publications for help.

It was bought at public auction a week ago now.

While at work, my tenant called me about 11 times today because her hot water went out. I have been working on the plumbing on my days off, so I wasn't sure if it was something I had messed with or if it was an issue ...