Then reinforce your phone conversations with email to have everything in writing.This is one reason I'm hesistant to go to 100% email screening for tenants, although there is another site that recommends doing this, and I can see how it would reduce my phone bill.

The authors believe this same rationale can apply to the Section 121 gain exclusion rules.Caution: If gain from the sale of the residence to the controlled entity exceeds the maximum Section 121 exclusion, the excess is taxable as ordinary income (rather than capital gain), since the controlled entity (related-party) purchaser will depreciate the property.Also, the S-Corp need to be funded to have minimum about of down payment required.

This takes a little more work, but it's the most fair and reduces the likelihood of tenants that squander utilities.If you choose #2 or #3, there are considerations:Start with an average.

But I do still have consulting experience in advising senior leaders of companies on how to reduce OpEx and increase profits, so to me, this isn't foreign. 

Rodrigues right away to figure out what you can qualify for and if you qualify for any special programs to reduce your downpayment or closing costs even further!

@Issac San Miguel - yes they did, however; the actual costs are just so much more than expected.....I am still looking at ways to reduce cost and a prior post suggested looking at this as a rental vs a resale.  

Creating a diversified real estate portfolio of different sizes and types in multiple locations, with varying financing structures and cash-flows, can reduce risk and create steady income.

Or another way is to bring in the realtor, to broker the deal for a reduced commission so none of you guys have to deal with any of it, and you know it will all run smoothly and efficiently.

That increase in equity has actually reduced the value of your equity.4 - When you sell the property, that $40k is now converted to cash, and moved forward into another property at, once again, worth 5 times the equity (Now $200k).5 - Also, if you were to buy 2 properties just like the first one, your Cash flow should also double.The value of real estate isn't in the cash flow and equity. 

Utilizing the benefit of someone else's experience greatly reduces your learning curve.Define your goals.