Anyhow, its their belief that hosts are exacerbating the housing problem and theyre doing God’s work as good little apparats for the city by taking us out, one by one 

Banks are not created equal, but Credit unions are all pretty close in terms from our experience, especially those in the Philly-Allentown markets.

Everything. 2) Make sure you have a signed contract that is legal and thorough. 3) keep the progress payments relatively equal to the work being done....example - don't pay for tile when you're still doing framing.Go get some bids and then come back and talk to us again... 

If they believe conditions are right for properties in that market to increase they are HAPPY to buy and hold a property that doesn't cash-flow well on the belief that if properties do jump 10-20% per year for a coupe years in a row at some point that they will make out in a BIG way.

This method allows you to deduct an equal amount of the cost of the property each year over its depreciable life.

However my belief is that no matter where you're investing from, your key starting point should always be forming relationships with people you can trust.My wife and I have a great relationship.

@Jennifer TaylorSmall world, I live in Greenville SC also and invest in Multifamily properties via syndication.We do cost segregation on all our deals and typically we find an investor gets depreciation equal to 35% to 40% of the amount invested.So $300,000 invested might generate $100,000 to $120,000 in depreciation.The big question is this depreciation loss is considered a passive loss and generally can only be used to offset passive income.You need to find out whether withdrawal from an IRA is considered passive income.You need to find out can the depreciation be used to offset the income from early withdrawal?

So in the General expenses section, I just added a negative entry equal to the cashback, thereby reducing the expenses I can deduct.

It's a widely held belief that you can mitigate this risk by making a purchase while a rate is known and then if rates go up you are locked in, if they go down and you are able to still qualify, refinance to a lower rate.

But even with a 35% downpayment it’s difficult to find properties that yield positive cash flow.We strongly belief in the potential for appreciation in this area.