The right market for you depends on whether you prioritize cash flow (Augusta, Columbia) or long-term appreciation (Greenville, Huntsville).

Purchase price: $400,000 Cash invested: $20,000 Sale price: $620,000 Bought near a private university with the plan to live in it before renting it out.

So if you are in a 30% combined tax bracket you get an additional $3K due to write offs.If it is a rental, you can write off the business expenses and the depreciation on the non land valuation. 

It's only dead if you are spending too much on your purchase.  

There are any number of Real Estate schools available to you, so choose the one that compliments your learning style, whether that be online or in person or a hybrid. 

I think my own research says that I cannot reap the benefit because you would have to have put the property into a fund upon purchase.   

No, refinancing isn’t an option because of how we purchased the property.

However, I'm wondering if anyone has thoughts on creative financing.

The parents owe roughly $40k on the mortgage. 5.

Solid area, home just went on the market.