I believe the first rental is the risk after that your feet are already wet so to speak any help would be great thanks in advance

It's not worth the grief and the resulting errors.When you use tax software, you will simply pick up a type of asset from the drop-down list (for example "residential real property") - and the software will complete 4562 for you the right way, as well as carry it to all other connected forms.

You don’t get to reap the Beniifits directly from your Ira risk.

This carries lots of risks and are not for a newbie investor.

Therefore, the $292,500, net of the land value of $5,100, carries an annual depreciation expense of $10,451.

The reason being there are a ton of students that start school around that time in the local universities and that has carried forward to a lot of the other Boston neighborhoods.If you have colleges around you, id check to see what their cycles are.

**********************************************************************I would ask your PM if they carry E&O. 

You can get started without any capital.Flipping you have more risks but the returns are also higher.I find that a lot of wholesalers have terribly bad deals because they have never flipped themselves.Imo, you learn a lot more flipping houses.But having said, wholesaling forces to get in front of people.

I'll need to decide if I want to take on that kind of project/headache/risk.

What type of business insurance do you carry?