@Dan Mason @Lacee BeitlerDoes AirBnB collect the 7% tax for you?

I would wait until you (a) know what you're going to do with the money- like maybe partner up or (b) have enough cash-out for your next investmentOtherwise, you're just paying $4,000 closing costs for $14,000 that's just going to sit around not collecting much interest.  

Few more details:I collect all my rents through my business bank account; All my expenses like repairs are taken out of the same business account.I want to know if it would be better to shows all income of the properties as a business income on the business tax return and then pass the profits to me or should I just use the rental incomes on personal tax return ? 

Go to REIA meetings in your local area, meet people and try to collect as many business cards as possible.

If you're collecting an assignment fee and not double closing, your seller will have prorated property taxes, maybe doc stamps (some consider this a closing cost, some don't).

Hello,I am just getting started in real estate and just recently bought our first investment property and was reviewing landlord tenant law in Massachusetts.I read that "Under MGL 186 § 15B, a landlord is only allowed to collect, as up-front charges to a tenant, (1) first month’s rent; (2) last month’s rent; (3) a security deposit equal to the first month’s rent; and (4) the purchase and installation cost for a key and lock" It also said that all other charges such as application fees, deposit to hold, pet fees, etc were illegal.Is this true?

We can handle all the back office stuff: listings, background checks, rent-collection, work orders, etc.  

You may get lower cost management for a 6 unit property, because the manager is not running all over town to service your properties and collect rents.Another thing to consider is your debt service and your vacancy risk and how they relate.  

Yes you can file an likely even win, but as Deanna has said, you'll never collect, so just write it off as bad debt and move on.

2) Property Managers - Typical fees to be expected if you want to use them to find a tenant, and of course manage the move-in/move-out, and monthly rent collection etc3) Out of State investment - I know almost everyone does it, but do you feel that I should travel out there at least once, and see the properties I'm about to buy, or do realtors give virtual tours, and help you out as much as they can to create a comfort level you need to buy it sight unseen?