,There is not tax benefit; however, there is if you want to pay yourself wages and contribute to a solo 401k, offer health benefits, HSA, etc.Rental income by itself is not subject to SE Tax.

Welcome Todd, I currently find deals in SE OKC.

@Eric Benzenhoefer where in SE houston is your property.

Hi, no, an assumption requires a purchase by the party assuming a loan, this is not a loan assumption, per se, it's the right of a guarantor to take possession of the collateral assigned under an obligation to the lender.

This is a great community, and you can find lots of good SE Michigan people here to help you meet your goals.

It's not subsidized per se

I am not seing many repo's around the area were I am from.

Dothan, which is where we ended up renting, is the largest city in SE AL.

Our current tenant wants to do just that after she files her taxes and can show enough SE income to qualify.

Neither is right nor wrong per se - but both are right or wrong for different people.As for cost of buying TK.