@Hideaki YenYou just need to know a very basic understanding of accounting to get involved in real estate.Know that your gross income is rental income, late fees, pet fees, etcExpenses are items such as mortgage interest, real estate taxes, insurance, repairs, etcIf your strategy is cash-flow, your income should be higher than your expensesIf your strategy is appreciation, cash-flow may not matter as much.When you file your return, you will need a list of income/expenses from your rental property.Best of luck.

Also, some NYC primarily residential co-ops with some retail space were able to sell the retail component as condominiums.To clarify for those unfamiliar with the concept, a residential cooperative is a legal situation where a specific type of corporate entity owns a residential building with 2 or more, usually many more individual apartments.

They've been around for awhile and the corporation itself seems to be fine at a national level.

To resolve….1) contractor releases it2) you formally contest it, this shortens the time until it expires if the contractor doesn’t file suit3) file suit/action to have it removed4) do nothing, the lien typically expires in 1 year if the contractor doesn’t file suit

My team manages 200 and own 17 regulars, 2 Airbnb/corporate.

@Brandon Myking so there is a chance for a lawsuit to be filed against the landlord for damage to a tenant’s property. 

I think your best place to start is renting directly from a landlord/homeowner so you can work with a real person rather than deal with corporate protocol.

By the 2nd week, an eviction was filed and a court date was set.

@Alecia Loveless it might depend on how you file your taxes.

Can I still write up a partnership agreement with aunt and file partnership return?