There are tax filings and yearly fees associated with them. 

The no-income tax and growing city were all a plus! 

Re rent roll, obtain copies of the executed leases and validate collection via bank statements and tax returns. 

The total of all depreciation taken is taxed.

@Dennis Hill if the house meets standards of that size family, enough beds baths and room size for children, then follow your standard rules, like I make anyone 18+ years of age qualify on their own unless they are a dependent of main tenant (prove with current tax return).

Save the heartache and VET the attorney. 

We are not married, but I charge her 'rent' which is a little less than 1/2 the mortgage.Are there any tax benefits to saying she's a renter and I'm the landlord?

I highly recommend it.If you have any other questions or need any bookkeeping or tax help, please feel free to reach out.

BUT when you're doing an arbitrage you're just getting cash flow and you're missing out on the equity and tax benefits

Hey everyone,Anyone have any recommendations for great real estate-focused accountants to help me with my taxes?