Because of material participation I can deduct that $350k vs other income.Using combined federal and state tax rate of 40% x $350k = $140k in immediate tax savings.

All adults who wish to live there must apply and pay app fees (it makes us money, but there is a cost to run background/credit checks too, so I would at least charge something, it also means the person applying is more serious)3x rent combined verifiable income of applicants.

Greenville has a little better population growth and is about 90K people, roughly the size of Rocky Mount and Wilson combined.

I'd rather talk to 5 motivated sellers per week than 100 unmotivated sellers.I have a 30-day marketing plan for active foreclosures that includes a combination of personalized letters, text messaging and door knocking and I attempt to make contact with the homeowner up until 24 hours before their auction date. 

As Dave mentioned, a cost segregation study combined with a 1031 exchange could be a good route for you.

I have personally not worked on any of these but it does not seem to be anything too crazy.It's an FHA Loan that can be combined with other FHA products like a 203k.I am a Loan Officer for "Correspondent Lender" so I can operate under the rules of over 100 lenders...I would be able to place this in a few hours with 1 email...We would just have to make sure all the boxes are checked...Energy Efficient Improvements Must Be Cost-EffectiveThe financed portion of an Energy Package must be cost-effective.

The buyer definitely owns the property, otherwise it is not owner financing, it is some sort of lease or option or a combination of the two.

If you bought 5 properties with $300,0000, they all need to be throwing off a total combine of 20% return to get that $5,000 (as the example above shows), to get that expense coverage for your ability to leave your job. 

It might be a combination of stocks, bonds, mutual funds and alternative assets.  

If the other houses you own have no loans could you stack all their combined monthly rental income to pay off the remaining $120k mortgage before you retire?