Kim Local broker and signage will probably generate a lot more useful leads.

Hopefully this tenant will just pay his late rent so I can focus on the other deal I have under contract lol But I want to figure this out anyway just for future reference and just know what to expect. 

This may include state filings as well.If there is income generated by the Estate, you will need to file an Estate income tax return, Form 1041.

Your story encompasses what I envision for my future and my goals.

Based on this criteria for every 100 people I get registered, the prequalifucation process usually generates only about 10 leads. 

You should also have your own sphere of influence, and find a niche to generate your own leads that match your personality type.

If you successfully transfer property to MMLLC, you LLC will file a partnership return. a partnership will generate K-1(s)( similar to W-2) for each partner with your share of rental activity.

Real estate is a rollercoaster of a ride and if you're in it long enough, you will see it all.If you diversify your revenue stream with 5 properties making up your ROI as opposed to just in one, now all of a sudden "that one" vacant property has a far less significance on your bottomline.I always tell me investors that the party starts after property #7 as that is when you start replacing the national income average through cashflow generated by your portfolio.Why cash only? 

@Justin K.Welcome to BP, and congratulations on making the decision to invest in your future via real estate.I have written a few blog posts that may help you get started here on BP, and with your investing.

The purchase price is to be firm as the seller is not interested in re-trading the deal in the future.2.