If you're really bored and want to read additional insight into my reasons for what I say in the other article, and if you like snowboarding (lol), check out-https://www.biggerpockets.com/renewsblog/snowboard...Hope those help!

@Lucy ChangIn addition to filing a federal + state tax return - some cities/counties have their own filing requirement.It appears that San Jose considers you to be doing business within their boundaries.Below is a link to their website with instructionshttp://www.sanjoseca.gov/businesstaxYou can hire someone to do the proper filings for you or you can look at the instructions and do them yourself.You should look at the instructions on whether to put yourself as a sole proprietorship or a partnership.

Just additional food for thought since I know you were considering removing the tree: If you do end up removing it, make sure to alert your insurance company and let them know because that can lower your premium.

The formula is simple and is as follows, 75% of gross rent - PITI = net rental income.If net rental income is positive its added to your total income and improves your purchasing power.If net rental income is negative then its considered a liability similar to a credit card or a car loan that you gotta qualify for.Some banks have "overlays," or additional requirements they place on top of borrowers when you have rapid acquisitions of multiple properties but by no means is 2 properties in one year considered "rapid," by most lenders, however 3-5 would be its an underwriter and case by case bank "call," to make. 

I'd look into and see whether this fits your style.

So at $7500 he could wire the 2nd floor only providing that there are no additional costs.

In addition to license, associations generally require some training time as well. 

I've used a HELOC for years to support cash purchases (in addition to loans against my 401k).

Depending on what you are looking for, I buy my cabinets at either Hoods (cheap, and good quality/style and available for pickup that same day but, not super high-end) or Cabinets To-Go.

First keep educating yourself on content, then you may be able to pick a niche or investment style.