Great video, love the way it’s summarized.

First read all of the posts above and summarize what your take aways were.  

To summarize from his comment, there is often significant judgment required on many issues and it will involve different professionals such as attorneys and accountants, and perhaps many others, so you'll often need to work as a team. 

My friend Keith summarized it this way:Appreciation.

@Vinay Sanapala, I am going to sort of summarize a lot of what others said.I had a small portfolio of about 6 section 8 properties at once.  

Even if it is used to purchase the property via an entity, the loan is effectively connected to the property and directly deductible against the income.To summarize what I'm saying is it doesn't have to be taken as a deduction on the 4952.

Everything they leaned through trial and error and expensive mistakes  summarized on 200 pages! 

To summarize, Dominion had: neglected to take the correct amount for principal, adjusted the error, taken additional money to correct mistakes in withdrawing, then returned that extra money to an account no longer in use and without notification.

Where I would summarize your place right now is just swinging the door open to a universe you only thought had one planet.  

It pretty much summarizes the main points you need to think of as you make your first foray intro multi unit owning. http://www.biggerpockets.com/renewsblog/2015/05/13...All this is to say, we did exactly what you're contemplating and purchased a multi unit via FHA and feel very fortunate to have done so.