wel its not that simple with rent checks they only become income when you have positive cash flow those rent check have to pay the mortgage ,water bill repairs etc i have never had a year where i reported a profit on this building I always report it to the IRS as a loss so its not as simple as a pay check not to mention if i did turn a profit i would still have to pay taxes on the money a pay check has all deductions taken out and you get what they call net pay if you know an attorney anybody please ask for me i got 2 more days to file my exemt form oh yah i did consult an attorney but he only gave me one shot and i forgot this question hes not returning my calls now i need to find another one
RENTAL INCOME is a relitive term it does mean money in your pocket
thanks Dave
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Better go retain one quick .