It is not uncommon - main reason we see right now is over inflated original ARVs and now borrowers cannot sell and pay off the lender. 

The US Tax systems, when compared to the EU, seems to be setup for capitalists. 1031 exchanges, write-offs, etc.

Ft)For ARV, it is best to have an experienced real estate agent find comps for you to determine a safe number to work off of. 

Taking these two pieces of info will tell you how long you will take to get an offer, so if you go past that you should lower the price, and then the other action item would be to starting off lower than all the other properties if the condition is better than your condition.

Hey All, I’ve found an off market duplex in need of some repair (estimate unknown as I haven’t been inside yet).

for me I would have been better off donating that 75k to habitat for humans would have got more out of it than a tax write off !!

I'll subto his existing mortgage and pay off the 120k.

Knows real estate tax write-offs and how I can best apply them!

Managing property can either be a lot of work or fairly hands-off—it largely depends on the property’s condition and how well you screen potential tenants.As for deciding between the two property types, it really comes down to your long-term goals.

Whenever rates fall going to cash out refi again my Roger’s park 4 now getting close to 500k total profit off that one deal now.