This will be very close approximation, with some assumptions, like insurance and property tax costs.

How exactly do you file taxes when you have a 9-5 but also generate income from self employment?

If they own it and are going to put it in that bank then offer to borrow the money from them and pay on a monthly basis to they get more money than they would in the bank and then avoid taxes too

Lawyer said we have to give at least till closing. 

. - Looked at the property tax.

Keep it fair and transparent, letting everyone know the deal details, and make sure everything follows the rules.Utilize resources like the National Association of Realtors (NAR), local real estate groups, and real estate lawyers.

The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.

When talking to the guests, who were lawyers, they were very thankful nothing happened and complimented us on the pool safety items.  

According to my lawyer, that's not actually true.

There are lower priced properties that will still rent at a nice profit market when including mortgage, taxes, other expenses.