If its negative, and with your income and if you're not a RE pro, then it becomes a carryforward loss.

Scott Williamson,Well that definitely looks like you might run into some negative cash flow on that 2nd rental.

:However; with all our flaws, our country is the greatest on the planet...I guess it depends on your definition of greatest...This country USED to be the greatest (in my opinion) and COULD be the greatest again (no doubt), but over the past 30 years, things have gone pretty far downhill, and statistically, we're far from the greatest in most areas that people would say are important.Think about it -- how would you define the things that make a society great?

I wouldn’t even THINK about managing a property like this personally.The houses we’re buying need to be in stable areas, with reasonable owner-occupant ratios, moderate crime statistics, at least SOME retail sales occurring in the neighborhood, not in the boonies, etc.

This has a doubly negative effect – shorting your own potential income, and perhaps crushing a struggling tenant with that recurring fee that “breaks the camel’s back”.

I can't believe the negativity toward the automation of a business.

It's just my opinion that trying to collect big deposits and rents gives a negative view about how I conduct business, going beyond what is usual and customary might work on a few, but seems to me it says more about not trusting, hedging against the reality of working with people, that in the future the LL may be unreasonable.

Due to PM costs, we are negative each month.

Everyone is so negative about everything, but why would you evict someone that pays every month and is no issue.

I can't see any negatives in doing this.