Renting out a $1M property once you leave it is not going to generate any cash flow for you.Take your $300k and invest it in rental properties out of state and use that cash flow to pay for your rent or to quit working your day job and move someone cheap!

I haven't been able to come across the answers on the Intuit and IRS websites yet.Thanks,David

Hi BP,I came across a website that I think many people from the BP community might find interesting.

I viewed the website and found a form that appears to be for rental income but it looks like it is for residents (or maybe both?).

For some of these numbers, you can get the actual numbers by either calling contracting companies or just finding off various websites.

If you're doing a bunch of flips, the income you generate will be taxed as ordinary at your marginal rate (unless done out of a c-corp). 

Short of getting my own real estate license, I'm wondering if there are any paid subscription websites or anything like this that are worth paying so I can search on my own time.Thank you all for any insight! 

Zillow has always been one of those "too good to be true" for me in terms of lead generation because if it were that easy, why are over 90% of agents still failing within 1-2 years of starting?

Hi All,Unfortunately, I have a really hard time navigating this website. 

@Bernadeau Charles  go to their website is syndication attorneys