Remember, if you decide to sell in a few years, any bonus depreciation comes back as ordinary income. 

If damages are about $4,000, would you take your tenants to small claims court, or is it not worth it and why?

I remember going to a mortgage closing on a personal home decades ago and the closing agent pushed the 3 inch stack of papers over for signing and said:"This all says...

Remember years ago an owner didn't like our pricing, so found their own reject of CL.

I won't pay more than what it's worth to me, regardless of what someone else paid for it.

Best of luck on your journey, and remember, delayed gratification is your best friend in this business!

Gotta know, by the #'s, if the juice is worth the squeeze. 

started the interest rate at 8.5% and wrote in the contract that their interest rate will change anytime my bank loan's changes (every 5 years) and will always remain 2.5 interest points above...for what it's worth...i have another under contract that hopefully will close soon..i'd be interested in hearing about this wally wrap as well bryan...what was that?

The bonus is the lots are worth $300K, which I will build a 10 to 16  plex on when ever I feel like it. 

Section 8 can be a solid strategy, especially in cities like Detroit where the rent-to-price ratios often make it worth considering.