(assessed value of the house, or price listed on the ad) x the tax rate of that state! 

Found a buildable lot in a gated resort community  seller is just wanting to get rid of after 13 years (seller is older and not using amenities any longer)   Lots are cheap, couple grand   Seller only used it for owners rights to play golf, pools, tennis etcWould cost me closing costs, $50 month hoa, $50 year taxesIs there a market for something like this? 

Mike -Forming an LLC is a good legal best practice to house a RE rental and would be a Schedule E transaction for you.

I want to convert the church into a house, which will cost about 100k.

In a few years your capital gains tax will be offset by the higher returns.Option 2) Your other options involve risk or work such as MF syndications, flipping houses, 1031 into an undervalued property that you fix upOption 3).

@Jaekwan LeeWhen I have house hacked, the properties have never cashflowed (with me living there).

With over 20 years of investing experience in the area, I've seen firsthand how Tampa's strong job market, affordable housing, high rental demand, and consistent property appreciation make it an excellent choice.

Fair housing laws require that certain forms of income MUST BE considered.

My business partner spent over six months negotiating with the seller and we ultimately purchased at a 20% reduction from asking price.

House was renovated, with tenant with at least a 2 year lease, management team handles any issues, monthly rent and reports on time each month.