Also contingent upon satisfactory review of all units, leases, rental agreements, deposits, income and expenses by Purchaser within 20 days of receipt from Seller.

If you open an LLC for each property it will start to get expensive.

The buyer had gone through an expensive divorce, got transferred out of state & his live-in maintenance guy was a free loading nightmare.

We paid off the mortgage, misc expenses and I got my axtual repair expenses plus 40% back, then we split the net profit 50/50%.

It’s in a VERY expensive HOA community ($1200+ a month) and I dont want to be stuck if they owe 2 years back hoa dues... or anything else for that matter...

heynot sure if this is the correct sub-forum but i'l give it a go. planning on buying a property, long term rental, all cash. now, say i have around 500$ coming in to my account every month (this is in theory, after all expenses are paid and taking into account vacancy, small repairs, capex etc'). current plan is buy a property every once a while (at least every 2 years, could be less once mortgages will be an option for me, non us citizen starting to invest here. talking about properties in the range of 60-80k). letting the money sit in the account until i buy my next property does not seem optimal to me, but on the other hand investing it in the stock market or something like that does not sound good either because i will need that money in a short period. perhaps i'm overthinking it but i'm trying to see i'm leaving any money on the floor so to speak :)what do people around here do? 

I had an above ground pool put in a few years ago (I assume you're thinking of putting in an IG pool since you mentioned flipping the houses and IG pools are significantly more expensive).

You will deduct the higher of the two.You will also need to report the rental income/expenses on schedule E.

I've been looking at Multi units online and I want to start since our multi aren't that expensive and I want to know if What's a quick way to see if a deal if a good one or just plain trash ???...

Fortunately I was able to cover most of the additional expenses from the overage, but it wasn't fair to my partner into such a risky and stressful position.