Costs of set up of Trust, Costs to attorney to set up note, monthly costs to service the mortgage.Just my guess.My thoughts are if you have reached the level of a trade or business, then yes, these costs would be deductible.

While the "type" of neighborhood can sometimes make tenant approval criteria a little more flexible, we always try to avoid making desperate decisions that could lead to future evictions.The rise in evictions that you're seeing could be partly due to landlords lowering their standards to fill units quickly, which might lead to issues down the road with tenants who can't pay rent consistently or have a history of instability.

This is basically only in 2 wards and the alderman have the ability to make zoning and land use decisions for their specific ward, but the whole thing is counterproductive.  

Because making a big decision like this based on what someone on the Internet said isn't going to fly in front of a judge if you need that.Good Luck! 

Owner-occupied transactions are mostly emotional decision based.Investors should check emotions at the door and only make business based decisions.What does that mean in practice?

But I would say if you see something that seems good, but have no idea if it's good, you probably don't have the reps to make a decision on it yet and could be swayed by people who are just looking on the internet.Do you own any properties? 

To me, mid-tier houses are likely one of the best long-term appreciation investments because they are sought after by so many people in that market, a smaller percentage of people can afford luxury houses and also they may be more volatile but there's always demand for the mid tier price range for the average Joe.I consider myself a serious investor, my LTR's are in a place I would otherwise never travel to, my own preferences and opinions on the location are meaningless as this is purely a long-term investment decision for me and I won't allow personal preference for a location to impact my decisions.

DECISIONS:  Will there be a majority owner? 

This fast turnaround highlighted our ability to identify profitable opportunities and act decisively, creating value with minimal holding time.

@Matthew Platon - I think there are a lot of unforeseen factors that could affect my decision.