Courts have reclassified such deals from L/O to "disguised sales", forcing instant taxation of the entire gain. 3% and $9k may not be high enough, but keep it in mind.

It is for a buy and hold and already has tenant so will cash flow instantly.

The house was attractive because it would be instant cash flow.

Almost instantly I was already noticing scratches from every piece of furniture and dog nails.

Hello, newbie here, instantly loving this process of research, analysis and deal hunting :) I’m looking to make my 1st REI!

It has different technical name (bonus depreciation, Section 179 etc) but the result is the same: an instant write-off. 

I was widowed earlier this you and had my whole life turned upside down in and instant now that I'm a single father I want nothing more than to get out of the rat race of my 9-5 in order to have more time with my daughter in these younger years (she's 9).

I would probably instantly disqualify a property over this detail alone. 

I love the idea of it as it gives you an instant idea if a property is worth pursuing or not!

I attended a 3 day workshop here in Austin and was instantly hooked.