Thanks for the shout out @Ryan E.!

I am still not sure how you will be able to write off anything if you go to S Corp or LLC if you are only going to ha e rental properties in it.

A few recommendations:- "E-Myth Revisited" by Michael Gerber (this will have you working on your business instead of in your business)- "Rich Dad, Poor Dad" by Robert Kiyosaki and Sharon Lechter (this provides a more foundational perspective on money)- "Cashflow Quadrant" by Robert Kiyosaki (further builds on the "Rich Dad, Poor Dad" foundation)- "Set for Life" by Scott Trench- "Long-Distance Real Estate Investing" by David Greene- "The Book on Managing Rental Properties' by Brandon Turner and Heather Turner- "The Miracle Morning" by Hal Elrod-"HOLD" by Gary Keller (geared toward SFR)-"The ABCs of Real Estate Investing" by Ken McElroy (geared toward commercial investing)"Multi-Family Millions" by David Lyndahl (This is on my list of "To-Reads".

This is not to say that sometimes we (moderators) don't make a mistake and remove something that should have been left standing, but most of the time (obvious spam excepted) you'll get an e-mail describing the 'offense'.

The prices for these dilapidated buildings can be very reasonable and if they have been out of commission for a while, some sellers are willing to accept creative financing options.I started my journey of searching for old motels in Michigan about a year ago, only focusing on it on my spare time while I work on my e-commerce businesses.

@Ryan E.

@Randy E., yea that was the plan but then the broker jumped in and decided that they wouldn't accept any type of communication from the HOA on this matter and that we just needed to FIX IT! 

We have already done all the plumbing connections and I have talked to PG&E already on getting another meter, I also already have another address for the ADU.The design of this house has 2 dormers & 100 sq feet loft space which is not included in the 720 sq feet.

If you have ownership, will owning the properties necessitate a 1040NR with Sch E for you? 

Hey guys my name is Adrian, and I was driving for dollars and found a couple abandoned home, but I can’t find any useful information on the owner like current address, or number, e-mail on the county records.