I have had difficult tenants ask me for a reference in the past ... just as I have had poor employees use me as a reference (sometimes without asking).

(The US government has more employees in Detroit today than GM)Cash Flow AND Appreciation are both better than ANYWHERE else!

Hey,

I'm curious if anyone has leveraged an ERSA account as a downpayment on an investment property? A buddy of mine recently did this, and I'm curious about the tax implications?

http://www.403bwise.co...

Employees of an HOA can be exempt, if you are to manage properties of several properties owned by different owners, you'll need a license. :)

Michael Lauther When we were trying to figure out the best way to deal with our situation outside of using bleach we went into Lowes and an employee in the paint department suggested the TSP, to help with odor and soot removal, yes we used it on all the affected walls and ceilings prior to applying Kilz.

Knowing the repairs, comps, gross profit (before taxes) and number of days to sell on a quick sale (for the end buyer) is the basic information which will make you look good.

Operating expenses will eat up half the gross rents over time.

While we're on that topic, where would you suggest someone that is interested in moving into multifamily properties go to get information on determining the cashflow of a property.Karen, The cash flow calculation for a multi is EXACTLY the same as for a SFH.In other words, to find cash flow you still subtract the debt payment from the half of the gross rents to get cash flow.Good Luck,Mike

As others have pointed out here, if the subject property does not reflect on your previous years' tax returns on your schedule of real estate then the lender will give you credit for 75% of gross rents to add to income.

$1600 mo. gross cash flow.