They really eat into your returns.  

@Yolanda Eiland Property owners that filled for eviction are in point of time that they're eating **** with their property for a few months now. some of them wants to sell.UP! 

The chicken before the egg ???

Build up a nest egg and then get into real estate. 

I believe Expense because i was repairing the unit with the exact same thing it had when it broke.I am using Quicken to keep up with all the records and am trying to track these as tax items. 1) how do i track these "Schedule E/C" 2) when i have to drive, eat, and other stuff how is that tracked?

I think it looks okay I would definitely ask for the seller to eat the closing costs at least. 

As an investor one should never put all their eggs in one basket or have high expectations that a short sale will work out.

Do you eat that cost or is it added to their rent payment?

Put all your eggs in one basket, then watch that basket."

The setup and maintenance costs will be prohibitive and eat up any potential differential in returns that you may be able to generate in real estate as opposed to other IRA investments.