You could also buy from an existing landlord that has a section 8 tenant.

Have you looked at an HML or a loan from a bank to buy it from the seller now?

They are not buy and hold forever type properties. 

Buy the max.6.

I would try deleting my temporary internet files in your browser.

I am going to buy an apartment in Bali which is in a construction right now and the price is a presale price.

I believe he shouldn't have let you buy this building unless you fully knw what you are getting yourself into.

Please see the rough numbers below :Tear down house price 350k,Construction cost 165 sqft * 2 build=627k too much for the land unless your exit is 3 million. don't reinvent the wheel. no single family home builder is paying 300k for land. that's miami florida prices where I live. we buy land 50k and under in Columbus Ohio. keep land at less than 10% of after built value.

Many are buying properties, doing minimal renovations to keep their crews busy, and selling with small or zero profit margins.Cash buyers are a priority.

Future land appreciation in this area might outweigh any tax benefits from buying in other areas, with a better (tax-wise) ratio.Before pursuing your plan, talk to a real estate accountant to figure out if you can, in fact, benefit from cost segregation.