. ;-)Anyway, why don't you take a look at Schedule E (to from 1040) to derive at the answer to your questions: https://www.irs.gov/pub/irs-pdf/f1040se.pdfStarting with line 3 you will see all the relevant parts that are to be considered when figuring out your taxable income (emphasis on "taxable" as this is ultimately what counts with respect to this particular discussion here).The form is fairly straight forward IMO.

welcome @Hannibal Buress, hey im in the area and im looking to get in the business. if you need a partner let e know im trying to learn as much as possible

Brandon's short e-book was a big influencer while writing up my business plan, and I've also been considering the possibility of buying Turnkey rentals in the future.

Could you private message me your e-mail?  

What do you think of billboard advertising vs e marketing?

@Bob E. 

Hi All -It's nice to e-meet you!

If they are just taking a referral fee under the table or on the hud and its not called a commission and its to an unlicensed marketer then they are clearly selling RE without a license and that is not legal. and if you ever had an issue you would not have their E and O to go back on or the state agency other than turning them in for SElling RE without a license.

Cody could you send me a message with your e-mail?  

e) The market should have at least some population, and job grow with a diversify industries.f) Price should not have been appreciated for more than 40% since the last crash (I'm not sure the exact % here) ..