You can have a cash-flowing property that has a loss for tax purposes, primarily due to the effects of depreciation (a non-cash expense).If you have a negative cash flowing property, then your only financial benefit as an investor is the gamble on property appreciation.

I know I’m ignoring any appreciation, but I hear over and over again not to count on appreciation because that’s a gamble.

It could appreciate but I consider that gambling.

Hey Peter, Real Estate is a team sport - take your time and put together your team; pool everyone's resources, be it cash, knowledge, network, etc.

I also have a passion for building businesses, working out, inspiring others, technology, sports, and people. 

You'll have guys gambling on the side court and people possibly getting shot over a game or down😳.

Could also use removal of vinyl siding and painting but that's always a gamble since we never know what we'll find under the vinyl.So as you can see, it's not a great deal, but it's a free duplex with the financing (albeit not great) in place.

In my area most buyers pay cash over pay for a duplex for 1M, They gamble on potential rental increase and appreciation.

Im just in a bit of a pickle as i just finished a career in sports.

I seem to be at some sort of sports field 5 nights a week for 9 of the 12 months.