I bought my first place and rented it out when I was 22 years old, and I thank my dad everyday now who pushed me to buy it and helped me manage it. its great you are starting at the age you are in.

As you know, your neighbor could inform the IRS everyday and the tax payer would probably never hear a thing, such tips are not accepted, but a matter turned over to them by another agency is a different matter.

Out of those you have to pay a bunch of expenses - taxes, insurance, routine maintenance (much caused by the tenants), property management, major capital items (roofs, furnaces), vacancy, utilites (at least when vacant), CPA fees, legal fees, lost rent during evictions, major tenant damage, etc., etc., etc.

With 40 rental units I didn't want to have to go to court every day of the month due to various rental due dates.

So, if the rent is $1050, its $1030 if paid on or before the 1st, $1050 on the 2nd - 4th, $1075 on the 5th and another $5 every day after that.

I did not need money every week so for every day I did not collect pay we counted that as my monetary contribution to the project beside my labor. 

Foster is shown as a visitor everyday, he's been popping up along with a few others that are less noticeable off hand, but Foster hasn't posted for a month that I have seen, I doubt he gets on daily and goes to my profile, it's not that interesting.

I have taken on a Real Estate Client and am providing a number of Business services for them.The client deals in Luxury Desert Real Estate in California.So, I am really here to learn as much as I can, ask some questions and find out as much as I can in order to be more useful to my Client.Expect a few dumb questions from time to time and I look forward to learning a little bit every day.

I have houses sent to my email everyday from wholesalers, I was always scared do to financing.

Build from within, learn everyday.