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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I’m am not seeing how they are financially profitable. Can you share income, expenses, cost of purchase?[/quote] Rental income is $2800/mo. I bought for $300k, now FMV is probably around $600k based on neighbor's comps. Probably spend around $4000 in maintenance, taxes, insurance annually. I guess after that and my mortgage payment, I clear around 10k a year before income taxes. I keep it around as an inflation hedge[/quote] Do you claim depreciation on taxes each year?[/quote] Accountant handles that, so if it's legal, we probably claim depreciation taxes[/quote]
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