I'm 25, a teacher with no debt and a some money saved up.

Track properly and organize the expenses in appropriate categories (rental income, maintenance, utilities, office expense, advertising, legal, and another 10 other categories).

If anything, it’ll at least help us pay off some existing debt and get us in a better position to leverage more buy and hold properties.

This is one of those time you might wanna find an attorney to get legal advice.But the simple answer is, you need to pay your tax bill.

Legally, a townhouse is not a form of ownership.

He is not permitted to charge for his time.Once you see the contractors fees you know what your landlord can legally deduct from your deposit.

Additionally they can legally demand all their remaining advance payment back at any time since it remains their money until used up.

Medical debt, divorce and bankruptcy are all things that can damage credit but they may still be good tenants.

This frees up your debt to income ratio.

@Kevin ScottFrom what I've been reading... cash flow is king.Buy for cash flow, hope for appreciation.I personally would be happy with a fair market deal in a GREAT location as long as the cash flow/debt made sense.There are other ways to add value/force equity.