No 1231 treatment.Third, with the cost seg study, you only get bonus depreciation if you didn't previously have an interest in the property. 

If so, they can't offer 1/2 a month of rent to other agents, so no point in putting it on the MLS.Several of our Detroit market competitors play the same game on cheap owners.

It can take a little digging but they are not that hard to find especially when you have a solid network of other investors, wholesalers and good investor friendly agents.Location is going to play into all the things you have to worry about in terms of rents, sale prices, crime, STR/LTR.Do you have a specific zipcode or area you are thinking?

I think this gets down played, but getting to live in your desired location is a HUGE factor.

Decide which game you want to play.

Because I played ball and did everything by the book and got all the permits etc., they have re-zoned my property as residential/commercial use which evidently was their solution for people not getting the permits but puts me into an entirely different tax structure. 

If my kitty was fat enough, I'd take 5% any day and throw my laptop and iPhone in the trash, sleep till 10am and play guitar with my amigo's haha

Assuming a required rate of return of 5% (comparable to high-yield savings or a CD), the deal would need to yield a total CoC return of 10% (since everything is split 50/50).I'm stuck because while playing around with numbers, achieving this return seems improbable if not unrealistic.

There's a high likelihood that family dynamics will come into play.

For me, it depends how much I want the seller to accept my offer and how willing I would be to walk away from that amount of money.If I'm playing hard ball on a property I'm not crazy about I might offer $1,000.