I forgot to add that the insurance and tax is included in my mortgage of $2,005.

Also, how does one assess whether or not one can turn a profit after paying principal/interest, insurance, and taxes each month?

.: Stessa isn't good for keeping track of tax deduction items.Stessa was designed to just look at P&L.

I finally had to take a week off work and make myself incredibly obnoxious to ICE (the electric company) to get everything sorted out but our power is now on. 

I learned so much from the course and PCS, and I'm claiming all of my cost on my taxes.

Low barrier to entry, low taxes, landlord friendly, and areas that appreciate + cash flow. 

@Rafael Ramos All your goals contradict each other:(1) Cashflow: buy Class C & D properties2) Appreciation: buy Class A & B properties3) Low Crime: buy Class A & B properties4) Why would you want your investments to lose money to lower your taxes?

>>For purposes of taxes, consult with a CPA to confirm this would work for your situation, but you could have the LLC be treated as a "disregarded entity" and thus, even if you and your wife are members, any profits/losses would "disregard" the LLC and go directly on your personal returns. 

I will give you my numbers since we are 3 years into Velocity Banking.Home was purchased at $410k.Interest rate: 3.125%30 year termMortgage payment is around $1950 (includes insurance and property tax)HELOC: 8.25% Variable rate - current rateCredit Limit: $97kLet's say I made $10k a month and our expenses were $6k each month including the mortgage.

I also want to learn about purchasing properties with tax liens / bankruptcies / foreclosures.1.