I'm still trying to get more info out the situation and what may be given or under her name.

Hey there, I'm a UK National working in the US under a L1B visa.

Not long ago I had rates under 4% then up to 10%, now at 6.49%.

When most people say don't buy (like in 2009), it's usually a great time if there are strong underlying fundamentals.

Last month, we were hearing that rental listings under $1250 were continuing to get movement, but anything higher was becoming stale on the rental market.

In US tax law, the depreciable lifespan of an asset is defined by its MACRS classification which stands for “Modified Accelerated Cost Recovery System.”Under MACRS, depreciable assets are assigned to different classes, with each class having a specific recovery period.

I assumed a total loan of around $90k with a monthly payment of just under $1,600 using a random SF property in Indy with a similar asking price.

For this deal to work under those conditions, the purchase price would need to be closer to $179k.With your original assumptions 249k, the deal is marginally acceptable but not great, given the negative cash flow in the early years.

Originally posted by @Ryan Crowley:Hey everyone, I accomplished my goal of getting my first rental property under contract by the end of 2017 and I close on this property soon.

Taxes : Taxes have been a brewing crisis nationwide for sometime, Chicago is another prime example of a major municipality struggling under high debt load.