Labor typically well exceeds materials (x3 or more) so you could quickly get to the break even point given values in your area.

Just like you I need someone who will help me break through the first home.

The term had no connection to illegal activity or breaking into systems.

Each property is different and you have to break down every expense applicable to the specific property, line by line.

Do I get a break on depreciation at least?

SInce you purchase probably didn't break out the costs, you can use that to justify land costs.

But don't wait the 10 years to try to get a break on that 30k.

If you you buy with no money down and you break even after monthly expenses then you're still ahead of the game because you have appreciation, mortgage paydown, and you're 1 rent increase away from positive cash flow.

What are:- Lease Options- Options - Double Closings- Blind Double Closings- Wholesaling- Notes- Subject to- Assignments- REO- Hud 1- Foreclosure- Pre ForeclosureI have read several books/forums and cant get a good break down of what each of these are.

Im assuming your talking about taking over the payments subject to the exisiting loan.so let me break it down to you....1.sales contract with subject to existing loan clause on it.2.create a land trust conveying the property into the trust and your company or good friend as trustee.3.have seller sign a warranty deed to trustee showing seller still holds 100% beneficial interest.4.have seller sign an assignment of beneficial interest (ABI) naming you the sole beneficiary to the landtrust.5.you would file the "warranty deed" at the county clerks office but hold on to the "ABI" for future use when selling the property DO NOT FILE THE (ABI)!