To get this, I’m paying them about 10% over asking price in total purchase consideration, but the terms and monthly payments are so favorable that it really doesn’t make much of a difference.Although I’ve read extensively about these deals, this would be my first and my big question is around the taxable basis of the property.

. $500k becomes $350k and throws off taxable NOI, etc.) 

Leverage is always cheaper than having a partner.Paying cash for me is important when:  Paying cash gives the seller confidence in my ability as a buyer. 

Its alot cheaper than an eviction (If it works) I would start with the amount of their security deposit!

In many cases, rental losses can be deducted from your taxable income, but there are limitations and eligibility criteria that may apply.

Duplex can always add additional units via the ADU laws. 8) Related to number 1, purchasing a property with an existing ADU is cheaper than buying a property and adding an ADU.

Cleveland is a great place to get started because the real estate is cheaper than a lot of places around the country and you'll very easily be able to live for free and even make money if you're doing it right.

A higher down payment can lead to lower monthly mortgage payments, cheaper interest rates during the loan's term, and possibly even lower or no private mortgage insurance (PMI) at all.

So in your experience, it sounds like you’ve had more success investing in a more expensive market and building equity as opposed to cheaper, lower quality properties in places like the Midwest?

It seems like you would want your property be close to amenities since it seems like you would trade the comfort of having your own space to being in a better area for a cheaper price but I could be wrong.