Depreciation is another powerful tool, allowing you to deduct a portion of your property’s value annually.Action Step: Keep detailed records of all expenses and consult a tax professional to ensure you’re claiming every deduction you’re entitled to.3.

It looks like Privy is a great tool for identifying investment properties by using up to date MLS data.

Not to find deals on the MLS but to potentially use the MLS as a tool to sell your deals.

However, I’m looking for tools to help me analyze deals, particularly for multi-unit properties.

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

There are also other websites that have a Cost of Living index or other comparison tools.

Especially in the real estate rental sector, I like to say "Be polite through hospitality, but be harsh on Business"

Section 8 is best used as a risk mitigation tool for properties in super low income, high crime areas.

There is usually not much that compares with what we offer, so we only compete apples to oranges, so incentives are not a good tool for us.The types of tenants we want (multi year) also respond better to an adjustment in rent than an incentive.

Check out the Life Planner by Lucky Life Tools.