The same money could buy 1-2 full properties that would rent for more, depending on the market you choose. 

If you do the out reach yourself it will take time and money.

I figured why not just use a banks money instead of using a customers money and not have to deal with picky customers.

I purchased this deal with a private/hard money lender.

I financed this deal using private/hard money.

I financed this deal using private/hard money.

Check passive loss rulesTrack carryforwardsMost small landlords will simply:Take the simplified $5/sq ft deductionClaim it if they have net rental incomeSkip it if they're already showing lossesPro Tips: 💪Use the simplified method - it's $1,500 max (300 sq ft × $5)If you're showing profits, take itIf you're showing losses, don't botherKeep basic photos/documentation of your spaceThe Bottom Line: 💰If you're making money on your rentals and genuinely use a home office, this is a nice extra deduction.

why on gods green earth would you want to buy 10k condemed houses :)  seems like a waste of time and money to me.

Using the 203k or now the HomeStyle loan you can buy a fixer upper and get all the money to renovate. 

Before spending the money for a cost seg.