You should consider expanding your role to help with layout, scheduling of subs, etc. so you can stay engaged, and offer more value to the investor than just design sense.  

You'll report rental income on a schedule E form for tax purposes.

The legislative session is scheduled to end Wednesday and Cuomo has threatened to bring lawmakers back to Albany into special session every day if they adjourn without at least extending the existing law.In addition, he reminded all landlords in the rent-stabilized system that the terms of all existing leases — even if there is a lapse in the law — will remain in effect until those documents expire.

(For IRS purposes, I have lived in House 1C for the entire 24 months).I move into House 2C and complete a renovation that takes about 8 months.Round 3 and beyondAt the 24 month mark:I’ve completed the House 2C renovation.Son & wife sell House 2A and with the profit buy House 3A.The cycle as described in Round 2 continues as long as it makes sense for all parties involved.Assumptions:Obviously, the schedule outlined above is greatly simplified, but provides the basic concept.We’d live within 10-20 miles of one another.My kids and their spouse(s) would provide assistance to the renovation process as they are able to.My daughter may be getting into real estate sales - this would help with sales commissions and finding new properties.While buying rental properties probably makes more sense, I just have zero interest in being a landlord.Pros:My kids would always be living in a completed renovation.Each party can elect to either roll the (assumed) profit into (a) a nicer/more expensive home or (b) use the equity gain to make a larger down payment and have a lower mortgage.They can opt out at anytime.

1-2 hours by train gives you a ton of options, from houses in the suburbs/Bergen County to apartments and multifams in the Hudson County area.You can check out the NJ transit schedules here to see what falls within your commute barrier, or use the google maps public transit option - it tends to be pretty accurate for the rail system, including the PATH.

During the check, we either fix it, or tell them it's no big deal-live with it, or tell them we will put the repairs on a schedule. 

I was scheduled to move into a house starting September 1st.

I am a full-time accountant and I have to admit that understanding the numbers and supporting schedules on a HUD statement is not all that easy.

Revenue:  If the present revenue (3 of 5 units) is $2000/month, is the pro-forma full scheduled rent value of $3835 realistic ... are each of the vacant units capable of brining in ~$920/month without any improvements?  

Hello Fellow Investors,Is there a link that would direct me to the calendar/schedule of upcoming webinars?