Quote from @V.G Jason: Organize taxes and eat better.  

Unlike a mortgage the interest on your loan will not be tax deductible.

They’re fully renovated (or in good condition) and often come with tenants already in place, so you can start making rental income right away. 

And would this be considered "capital gains" since it's re-sold under 1-year therefore having to pay a large % of tax on the profit?

What if they build just outside the city limits, so they are not paying city taxes?     

The low income versus high cost of living is referred to locally as the sunshine tax. https://www.businessinsider.com/most-expensive-places-to-liv...https://www.census.gov/quickfacts/fact/table/sandiegocitycal...It is my view that the incomes cannot sustain the high cost of housing in San Diego but it has seemed this way to me for four decades and yet the RE prices keep increasing.  

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

Many voucher holders also work and so sometimes they will have a higher amount to spend than someone who doesn’t work because they can pay up to a % of their net income from the HA’s calculations, often 30-40%.

I have dabbled in real estate, but never heard of brrrr before now, and transparently never did much research outside of knowing that property ownership was a way to reduce my taxable income. 

It’s stable cashflow and long term appreciation and tons of accelerated bonus depreciation on taxes. like most anything in real estate it’s a long term play.