I just got married, and would like to use the cash gifts my wife and I got to finally get my feet wet.

My name is Rob Luck and I'm a REA here in Springfield, MO and am just getting my feet wet in the investing side of things. 

It does, just make sure that one of the windows has a net clear opening of 5.7 square feet ( meets Egress ) if this room is 1st floor and is on a slab, it can be 5 square feet. have a minimum clear width of 20" and minimum clear height of 24". in other words it can't be smaller than 20" wide or 24" high but must have 5.7 sq' net clear opening

The town has a whole year round schedule of events for people to participate in.

Plus in colder climates it is nice to have warm carpet under the feet.

This can be a completely hands free transaction too, we have property managers that, for 20%, will put your unit in a rental pool and have it filled all year round.

For a second I thought that a fresh round of capital has come into the space, but that was over a year old.  

I got into this situation because we have never used outside funding, we have only used profit from our other properties to fund rehab, but due to round 3 with cancer we had to put it on the back burner for a short period of time.

Example (I'll round numbers for ease); Buy property for 250K100K down from SDIRAs, 150K Non-recourse loan @ 5.75%/20 years (60% financed)30K Income, 13K Operating Expenses, 9K Interest, "Net Income" for taxes of 8K (before depreciation which would be 12K on whole thing).........................................................Does this the we would take 60% of the 8K "Net Income" or $4800 and then take off 60% of the 12K depreciation or $7200 to have a negative net income of $2400?

Never depend on the seller's vacancy numbers, instead figure out the market vacancy rate and round up.Taxes are always understated.