The marginal returns drove me to seek other strategies.So, this is not a "bad" deal if you consider it more of a learning experience than one that will make you a lot of money. 

This is the scenario:I buy a fixer with some hard-money.

Right now, the best offers around me are for some 1.3-4 million, that only generated around 100k per year gross, so there would be a high chance of not cash flowing, and paying money, especially with a commercial loan (these buildings have more than 4 units).I was thinking that although the rental itself does not generate money, I would be able to deduct the mortgage interest, and depreciation from my personal w2 income and would be net positive.

Are you collecting properties or collecting money?

Sort of a unique way to make money, meet new people and not get stuck with a tenant you don’t like for too long!

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

  ( keep buyers from wasting money on DD i suspect)3.

My Expensive Lesson)My first rental with REI Nation turned into an absolute money pit.

Here's an ideal PM contract: The two keys are: The PM is incentivized to make you money, not charge high fees, and is contractually bound to provide reporting that you can understand in a timely manner. 

Hey @Matt Agnew I would get a friend or someone who knows you to lend THEIR IRA money to YOUR IRA.