Determining whether the venture falls under a service or rental business hinges on the provision of substantial services; for instance, if a bed and breakfast service is offered, it must be reported on Schedule C, triggering a 15.3% self-employment tax.Moreover, personal use plays a crucial role in the classification of the property.

While reviewing the landlord registration forms, I saw a remark stating that if the property owner does not live in the same county as the property location, the owner must choose an in-county representative to receiv...

Determining whether the venture falls under a service or rental business hinges on the provision of substantial services; for instance, if a bed and breakfast service is offered, it must be reported on Schedule C, triggering a 15.3% self-employment tax.Moreover, personal use plays a crucial role in the classification of the property.

Each unit is a 3/2 with 1100 sq ft each.

The PM doesn't seem to be doing a good job of screening tenants and with multi unit buildings if one tenant gets away with not paying the rent, you can bet they talk to the others who then do the same.

I used to have 15+ units here, have been selling them off and going into a different niche.

We weren't thrilled as the unit won't pass easily the section 8 inspections in the current condition, and it's also extra work for us. 

Look to invest in other marketsTexas market has a 4plex that rents $1,100 per unit listed for $549KDuplex close to TCU that rents for $1400 per side and sold for $300KProperty with a main house & back house that is listed for $299K total rents are $2,755 ( my listing)If you are serious about RE investing I would look else where if those are the ROI you are getting

I have found my self in a terrible financial situation.

Hi Heather, Your lending options can vary greatly depending on what type of property you are looking at. 1-4 units, 5-10, and beyond will have different types of lenders and more importantly different loan options. 1-4 you will have the options of FHA/local banks/conventional.