You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a tax strategist who is willing to work with you throughout the year, not just when preparing your tax return.

Their systems make it easy on both us, and the tenants, and we greatly appreciate their owner portals and end of year reports for when it's time to file taxes.

DSCR for these sort of loans right now is 25% down, 30-year amortization, with a rate around 7%, depending on the lender and deal.

One of my tenants quit paying rent almost a year ago.

But definitely keep it for 2 years - even if it meant sitting for a couple of months to avoid the capital gains! 

The new tenants that I chose all have year leases.

They will get limited use, as many people don't even recognize the value of using one, and they will certainly be limited by the time of year.

So, last month I was laid-off from a job I held for about two years.

The 10-year US Treasury yield retreated on Tuesday, accelerating recent downward momentum. 

The idea that the very thing I enjoyed most could potentially make me financially free one day seemed to breathe life back into a confused, lost 16-year-old.For over a year, I continued to watch, listen, and read about real estate investing, as well as study to take my Michigan Real Estate License exam.