Seems like it performs well but will have low value when it is time to liquidate.Now, there could be value in it being a successful business, but it has low assets so it would take someone who understands what they are buying vs a pure investment.

So I was buying repair items for my rental at Home Depot and I forgot and used my personal debit card...is there a simple way of expensing the items and paying for them out of the business account AFTER the fact? 

The things you need are very formulaic, and most competent real estate attorneys can do these very cheaply, in the hopes that if you ever have a "more expensive" need, that you'll contact them for that, too.Congrats on getting up and rolling, and best of luck!

Generally low crime.

Questions I'd have if I were in your shoes would be based around how the CAM expenses, management, taxes etc are going to work. 

@Bonnie Low if you have an international student they will have an SSN if they will be paid by the university or sometimes get an ITIN to open a bank account. locally you may be able to search by name in local databases but it isn't usually helpful.

Nobody with quality RE wants to give up super low interest rates. 

If we pay my kids to set up a website and deduct those expense as rental expense, what kind of tax my kids need to pay?

The poor participation may be a function of the low price.If they offered a class in a subject that interested me, such as alternate financing asi missed it when offered, I would sign up.good luck

Hi Farooq, if its a primary residence you can actually put as low as 5% down.