We also didn't take into account the slant in the floor either. 

Because you are not changing the tax return that reports the activity of the property.But... the IRS holds the position that Husband/wife LLCs can only be disregarded in community property states. 

For cash flow, I'd recommend checking out the Triad (Greensboro, Winston-Salem, High Point) or Fayetteville in NC and Sumter and Florence in SC. 

The industry continues to see consolidation, with private equity-backed firms actively acquiring, albeit at a slightly slower pace than the frenzy a few years back.

Only thing I'd say is that I've seen a slight tightening of the market as more people hear about the model.

New blood in the forum is always exciting.. what's your top strategy for finding hidden deals?

You're in the right place to learn about real estate investing.

Researched the area , contacted local team through biggerpockets How did you finance this deal?

I recently came in contact with a RE investor who is farther down the line in his career than I am.

Just wondering can you ever catch a great deal on the market  and if so what’s stopping you from taking advantage?