So for me the ONLY advantage was the GOZONE tax bene's i was able to get when I bought them.. that was the Gulf opportunties act post katrina. most current investors I am sure never heard of it..

Some examples of properties with high asset reclassification include medical clinics and hospitals with technical machinery and labs, grocery stores with machinery, shopping centers with rainwater drainage systems and large parking areas, industrial manufacturing facilities with advanced equipment, apartment buildings in suburban areas with swimming pools, golf courses, tennis courts and large parking areas for tenants.Here’s a list of the average amount of assets that can be reclassified into shorter asset life classes based upon the type of property.

You would think that this would be obvious, but it's not (for newbies)And don't be afraid to p*ss off the seller....on the last house I bought, I offered $60k less, and the sellers got irritated/insulted and refused to even counter.

@Bill Brandt It’s a rental I bought back in 2005 for $174k. 

Quote from @Alecia Loveless: @Don Konipol Most of my deals have been bought for less than market value.

I am a realtor in Marlyand and last year I bought my first duplex which I currently house hack.

And remember: if you bought it now, you won't be buying it next year, so you basically rob your next year of this tax deduction.

Has anybody successfully bought properties with lease options ?

When you bought the property you got an appraisal.

My mom bought a home in Puerto Rico BY HERSELF when I was around 7 years old.