Someone whose businesses are as numerous as DJT's has the ability to state whatever they like, knowing that the IRS lacks the resources to untangle the mess known as DJT's returns.

I attempted numerous times to seek their highest level of assistance and it all failed.  

You would pass water, electric and gas on to the tenants so you can exclude those from your analysis.For insurance, call an agent in your area to get an estimate or use one of the numerous online comparison shopping sites (you can get a quote without owning the property).

When I say slum lords I’m not talking about the buildings like the movie “The Super” starring Joe Pesci.  

There are numerous resources that will give you estimates based on geography and past results, househackers is a common one.3. 

This probably happened generations ago when numerous lots were owned by a family, but eventually, smaller plots were passed to heirs. 

In 2021 after numerous attempts I closed on a primary residence (SFH) and have since continued to learn how to locate real estate deals and like-minded individuals working in the space.

In fact management is so crucial, we not only stay local but all of our managers have to come from within because they understand the system, the house rules, and are friendly within the recovery community - this helps in numerous ways because they understand the rehabilitation process and usually have a large network of future tenants.

Foreclosure auctions in major metropolitan areas are attended by a number of “professionals” who have been doing this for a long time; they are knowledgeable, experienced, and have enough capital to buy numerous properties so that they engage the power of diversification.  

You will not build equity or own anything this way.Also rules can change as they are in numerous places across the country to prevent STR's.If you only want to manage other peoples properties then I sincerely think this is great for you.