.-- Starts picking back up end of February when this tenant pool starts getting their income tax refunds and aren't broke anymore.6) Section 8: where is the property being advertised?

From day one I treated my involvement in real estate as a real business.This means, I had an advertising budget, a lead generating and follow up process, a back end process and money source and above all an experienced mentor.  

My markup is always lower than the original lender's because I don't spend money advertising during the Super Bowl, my president doesn't have a corporate jet, and we don't have layers of management we need to pay.

The date you are able to take depreciation is when the property is ready for renting (i.e. advertising for rent or obtaining a certificate of occupancy).

Can you then advertise the land to resell to another buyer (cash) for $120k and then pay off the original seller, and pocket the $20k?

Is this advertising?

Utilizing Reg D 506 C is the only way to legally use “General solicitation and advertising” in an offering exemption from registration.  

And if you know any Tax Pros or Financial Advisors who are looking to take on new clients, have them fill out this form so we can talk with them about advertising and working with our BiggerPockets audience. 

I can definitely take pictures of the unit and advertise it for you.  

Getting connected with a campus organization to advertise your rental may be a good idea.