Your broker won't allow you to do property management because a) he/she doesn't want the added liability of property management and/or b) his/her E/O insurance does not have an endorsement for property management.A lot of brokers don't want anything to do with property management because they perceive it as more risky than sales.

Rich Dad Poor DadRich Dads Cash Flow QuadrantRich Dads Increase your financial IQThe Real Book of Real EstateThe ABC’s of RE InvestingThe ABC’s of PMRich Dad RE Tax AdvantagesThe 10X RuleThe E-MythThe 4 Hour Work WeekBiggerPocketsPodCast -I hear #136 is exceptional!

E.

For that matter, Plan C, D, and E would probably be a good idea as well. 

Its a 2 bed 1 bath in the better part of V&E and should rent pretty high in that category.  

Real Estate Rewind Starting overhttp://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-bookGood Luck e legacyPaul 

I am always looking for possible ways for me to facilitate introductions in any wayI will always do this with the intentions & hopes of bringing benefit and or profit to all of the introduced partiesDue to my current yet thankfully momentary limitations I understand that one of the best & easiest ways in which I can be of value to others in this community is by identifying the wants & needs of others, locating those who possess the abilities and willingness to fulfill those needs, and then whenever possible I connect them to each otherIn a very short time it has been made abundantly clear to me the power behind the concept & practice of constant, continuous word of mouth style promoting/marketing/networking, or even more so face to face, eye to eye handshakingThere is always something to be gained from an honest relationship there will always be a potential for mutual gain or profit “Diligence is the mother of good fortune.

I'm currently reading The E-Myth Revisited (Why Most Small Businesses Don't Work, and What To Do About It), and it's been an incredibly insightful read so far.

I've been poking around the reading list (and of course read the free E-book), but I'm still looking for some more concrete guides to determining the value of REI specific to our situation.

turbo tax is designed for someone who owns maybe one or two conventual rentals and can not handle complex transaction like option contracts, because your asset is actually the contract itself which would normally be reported on schedule D and it sounds like your trying to treat as a rental property on schedule E.