Every time you get the bill, you let each know how much they owe and they can add that to next month's rent. 

Tax Implications:If I use a HELOC for purchasing a rental investment property, is the interest eligible for tax deduction? 

I understand that when you purchase the replacement property, any difference between the value of your current property and the one being replaced will be taxed.

My math at .75 of value minus the 500 you owe should get you there.

Those are the taxes, insurance, landlord-paid utilities, and mortgage.

I'm a new investor looking to get into the world of tax lien and tax deed investing in Maryland.

My investment team will include the following individuals: Investors, Lenders, Brokers, Tax attorneys, Accountants, Realtors, Business consultants, business mentors, appraisers, construction contractors, marketing team, and fiduciary financial advisors, who else should I be working with? 

You cannot get a business loan or line without net income on IRS taxes.

I thought it should be easy, he owes me rent., I evicted him. 

The cheapest lifecycle for any deal has been like 23k, the most expensive life cycle has been 48kThe lifecycle includes:DownpaymentClosing CostsInsuranceHolding costs of loanUtilities and taxes at property until you sell/refiDownpayment to contractor to start workLike I said, the cheapest life cycle I've seen so far was 23k and that was for a deal with numbers of:60k purchase60k rehab170k ARVSo, you can imagine when you step it up and are buying distressed houses at 150k/200k and putting 100k+ into them the liquidity needed to survive the projects life cycle will increase dramatically.And as a rule of thumb, if a project can require a 80% - 100% cash on cash return in 150 days or less close to close then it is a good deal.So if the project life cycle costs you 30k, you want to net 30k as a return.