@Megan BallardIt’s called Underpinning the foundation and it’s quite complicated, expensive and can be dangerous in older homes.

The math gets a bit more complicated to calculate the adjusted deduction but the minimum is $1050 (scaling up with earned income). 

It's not complicated, but it's not easy. 

The current draw back is it doesn't cashflow as well as it could... mostly due to complicated longterm tenants.

This is a great long term assets with many complicated possible scenarios.

It sounds like a lot and it is but it isn't too complicated.

Be very careful w private real estate syndications, some great ones, some really not great ones, and takes years of investing experience/understanding debt/property management/taxation rules etc before you should safely go that route, but then they can be awesome as they give high yields w passivity, the Holy Grail of RE investing :)you are on the right path, and RE far less complicated than the Krebs Cycle too :)

It does not eliminate you doing a thorough background screening. thats all it is, so many make it much more complicated.

@Wesley Frye 5 showings in the first 10 days is too low and If you received an offer from a First time buyer they usually need help with closing costs.My first advice as an agent.is you need make sure about the value of your property because it need to be appraised and in case do not appraise for the amount they are offering you will be in a complicated situation because they do not have funds to cover the difference.

I am wondering, if by doing this, I will make the situation more complicated than it should be.