Point is cash flow (positive or negative) can be inconsequential compared to the appreciation assuming you do not need the cash flow to pay the bills - cash flow is taxed, appreciation is tax deferred and can be avoided.I put forth effort to keep my RE investment significantly leveraged.

I get the depreciation aspects. 

Why not just write the initial $50k offer in the name of your company and avoid the wholesale aspect of it altogether?

Would love to know if anyone has had positive or negative experiences with turbotenant?

I'm not THAT person that posts negative reviews.

I will check with the seller whether they are getting confused with seller financing aspect.

@Fernando GuzmanFor Property 1, the $1,000 monthly negative cash flow could limit your growth, despite the tax benefits.

Just remember: most negative reviews are written by problematic tenants.

But I know Chicago winters too well, and the last thing I want is to calculate cash flow and returns on summer rent to have it turn negative come January.

At current valuations and rates, after the high LTV refi to extract value the properties have huge negative cash flow in virtually every market.