Quick question how do you reduce your tax liability to the lowest possible amount while still maintaining a decent amount of loan eligible income banks will use for financing.

It is still possible to get financing without permits, however the lender will reduce the leverage without it 

There is current negative cashflow at the listing price, little potential for upside, a significantly reduced offer price is required just to break-even or significant rent increases and utility decreases.

There are a handful of lenders that are okay without experience at a reduced LTV (65% max) 

We made the best guess with the data we had, reduced that a little, and ensured we beefed up our emergency fund in case we're wrong.

The goal is to reduce living expenses while paying down some of your mortgage liability and learning how to be a landlord. 2.

Accounting costs are shared among LLC participants, which do slightly reduce take-home returns, but that's the price of going in on these deals together with small amounts per person. 

@Mateo Dabila you would take your maximum allowed concessions and then use the rest to reduce the price.  

I want to thank Rent To Retirement & Zach, who got me a free consultation for.The costs to do this do reduce cash flow as well as the administrative time to file the different returns/reports are real, but it is worth it to reduce liability for the long term. 

However, I also believe you made a mistake by agreeing to a reduced increase phased in over time.He is paying $175 below market.