With the purchase, the rehab, the closing costs and the holding costs (hard money, taxes, insurance, utilities) our all in is around $200,000, but we have created $40,000 in equity.

I am using the tax benefit along with the principal pay down and appreciation to offset.

@Nicole GrazianoI recommend that you have a consultation with a real estate tax accountant regarding your taxes.Bigger Pockets is a great place to find a real estate tax accountant. 

The have interviews, tips, and tricks to getting started.

If they don’t satisfy that call, the broker could force a sale of securities, making them incur unnecessary tax liability.Let us know which brokers offer the best SBLOC terms.

Here are a few tips to help you get started:Financing: Since you’ll be starting your internship soon, lenders may look at your projected income or require a co-signer until you have a longer work history.

So I just wanted to present the raw facts, hear everyone's opinions, and obviously gain some knowledge and tips from investors! 

Either way, with rent and price appreciation, tax benefits, holding long term is a net worth exploder.

For tax purposes, rental income is generally recognized in the year you receive it, not when it is paid.

For example, this investor that I met recently said not to buy properties at tax auction for 100+ different reasons.