No management costs as it would be self managed, and estimated property taxes by the average of the past few years.

.: The applicant needs a social security number or an individual tax ID number (ITIN).

This is an example of private lending which is different than the IRA owning real estate and does not trigger UDFI/UBIT tax.

If I can park the 388k ($415-27k) for one year at CD rate of 4.5% and then est 300k (after paying cap gain/depr recap) at 3.0% (assume CD rates lower) that interest income of about 24 months net of ordinary income tax is about the same as my current mortgage.Trying to play devil's advocate and think why selling this year does not make sense. 

Also, how does one assess whether or not one can turn a profit after paying principal/interest, insurance, and taxes each month?

Of course to maximize your tax benefit it needs to be sustainable over time. 

@David R Pustelnik recommend you first focus on raising the rent for the first time in 10 years.By the way, how much have your property taxes and home insurance gone up since this tenant moved in?

It's essential to do your due diligence and perhaps consider investing in more established or upcoming neighborhoods.Property Taxes: New Mexico's property taxes are relatively low in comparison to other states.

I let both of those properties just go for tax's I tired of the BS..

Jerry Norton is a predator scam artist every body dont buy his garbage.LOLThis guru debate will go on and on.An investment of time/money/effort is required in real estate investingIts the "success tax" or the "10000 hour rule" at play, we all have to PAY on the way to success