Long Term non-paying Tenants.

Purchase price: $640,000 Cash invested: $220,000 Purchase price $640,000Got it at this price because there is a non-paying tenant in unit 2 (rent value $3,500), we're in court Rehab $60,000All in cash (rehab plus down payment) $217,500Rehab included ground level basement and 2 parking spot drivewayMonthly cash flow $1,500 ARV $950,000Equity $470,000Refi cash out (August 2024) $150,000 (used to buy new rental)New monthly cash flow breaking even (non-paying tenant still in unit 2)New equity about $200,000

For me, that's a non-renew. 

By 2030, we want to have grown a portfolio of over 100 units, created a property management company that manages an additional 100-200 units, and, finally (and most importantly), we will have established a non-profit that is focused on quality, affordable housing that specializes in providing housing and resources at/on the "services cliff" alongside financial counseling and first-time home buyer education in our target area.Our target area is the Springfield, MA and Hartford, CT areas with dreams to expand to Central Massachusetts (Worcester, MA), Southern New Hampshire (Nashua, NH), and Southern Connecticut (New Haven, CT).Would love to meet up with likeminded individuals in our area!

You can also seek projects through licensed Portals that are using Title III and can accept money from non-accredited investors. 

Assuming you purchased in your IRA for cash as most do, then there's nothing to deduct or depreciate because the income is non-taxable inside the IRA already.

Quote from @Trent Reeve: i would think they would have more amenities than a non-condo.I think the reference was how do you stand out from one condo to another when they are all identical, vs how do you compete with single family homes.

So, I hope you have a speed dialer and a large cup of coffee.If you want low, competitive rates, fast closings and great service, work with a broker. 

What we're getting here in CA is unpermitted, non warranties work.

County or non-public utility properties are possible to license but can take 90-180 days.