I can SPEAK with someone on the other end (like a vendor) with sound - but this live interaction is NOT ABLE TO BE RECORDED. 

There's much more to consider than the negatives you mentioned.  

Generally speaking, as long as your daughter has not reached the $13M lifetime gift limit, the gift won't be subject to gift tax.You would want to get a qualified appraisal for the the fair market value at the time of gift/sale, Zillow is not the most reliable :-)

This is is a very good area and would actually live in 1 unit, so 3-4k negative cash flow for living expenses is ok, as any house w mortgage would cost that.https://docs.google.com/spreadsheets/d/1tfbjOlyVsGW3nHLVPk_R...Key questions/assumptions:- Total for this deal in cash is 300k, anything else (reserves, renovation loan etc) would need to be a bridge loan or hard money- 1 unit is vacant and current rents are VERY under market, projected rent is what seller gave as realistic.

Like @Sean Graham said, you can have positive cashflow but zero or negative net income-->and thus no taxes. 

Since their project is running longer than anticipated they can't speak to the ROI yet and whether they're going to make the return that was projected / advertised.

The tax advisor you are speaking with will call it that because they want to demonstrate their value but all they are doing is following the tax code.

Take it one question at a time and build out your analysis in a spreadsheet of your own.While you're doing this, speak with a mortgage lender or two who know investing. 

You speak of some rediculous BS that Russia is without anything, China, India, on and on how if not west it's shiit and if it's good it's west, even if it's say indo-pacific, lol.     

Speak to real estate agents in the areas you are interested in but also speak to property managers who can give you a sense of the rental market and analysis of pricing.