However, you can divide the cost of the property and expense it overtime as DEPRECIATION.When it comes to taxes, DEPRECIATION is a great source of savings.

Deal was sourced through New Western and sold at a first come first serve basis.

@Raj KandragulaRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Fines can be pretty high.Recommend you discuss with some sources to see how likely it is you face a violation ticket.The good news is that without an SSN, they are probably worried about anything that would involve the government.Of course, they could also steal everything from the property, trash it and disappear and you'd have no legal recourse.

Figure out ways to source off-market deals that are closer to meeting the criteria you are looking for (The higher your standards, the more difficult it will be, but that's the point of good deals).

An outsized percentage of them are guys who never quite made it in the trades and decided to get their home inspector's license to supplement a not-so-steady income from other sources.

Based on my calculations and preliminary research, I have found that the Bay Area offers good returns from developing land, although acquiring level land and obtaining permits can be challenging.I have a few questions:1) Is it recommended to purchase a complete house plan from online sources like ePlans or similar websites and then customize the architectural design before submitting it to the municipality?

Develop strong relationships with these people and ask for second opinions from trusted sources.

I’d be more concerned about your source of information!

Many investors will use a HELOC or fixed second mortgage as the source of down payment funds to cover the 15-25% down on a DSCR or investment property mortgage.