It's exciting to get started with real estate investing, but having a foundation of financial knowledge will be very helpful in your investing, how you proceed, and what you buy.Many of these questions are answered in my free e-book, The Ultimate Guide to Passive Real Estate Investing.I suggest getting clear on what your investment goals are.

With keller williams they give us E-Edge, does anyone think i should just stick to that? 

Thanks,Joe E

Give me a call, or shoot me an e-mail. 

i would want confirmation or clarification of the following:1) A cop telling a victim of a B&E that they should move.  

Read the E-myth. 

If you buy in your own name, the income and expenses will go on Schedule E, but yes, you will most likely (depending on amount of income) have to also file in MA as well as RI.  

I second that @Bob E.

Thank You @Bob E., but I'm currently not taking on new client

You just need some method to your madness and you also must be consistent going forward with respect to calculation of depreciation, interest expense if there is a mortgage (a portion could be an itemized expense on schedule A and the other could be a business expense on schedule E).