Taxes is not my area of expertise so I suggest readers consult with their own tax advisor on this subject. 

@Jose Morales Is there a reasonable expectation backed by fundamentals suggesting these properties valued at $25K will appreciate?

Can anyone else suggest other real estate or economic newsletters where I can get big picture news on the real estate markets and economy? 

If anyone has any experience or suggestions, please jump in!

I suggest you put money into the deal with labor.

thanks everyone @Edgar DuarteI would suggest you research “return on equity”.  

If you are someone who has a bigger portfolio that you manage I would suggest appfolio or yardi.  

I would suggest going to the find a lender tab here on bigger pockets to find a local lender who has the same products. 

I always advise to run a business for 3-6 months without an entity to see if it something you are making money in and something you want to continue doing.Once you have 3-6 months of activity, you have more information to provide to an accountant regarding income so he can provide suggestions on entity type.Best of luck

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