For a property with $101k income, it might be worthwhile upon purchase to do a cost segregation study so that you can front load the depreciation.

If you can get out of the condo and buy SFH in almost any market I think it would be worthwhile.

But the pro of interest rates below market and nothing down if you need it, make the program worthwhile.

You can find multi family for 100K in rural areas but the quality of tenant and hassle of locale will likely not make the investment worthwhile.

I’d like to hear how other investors feel about using “subject to” as the advantages of (1) no qualifying, (2) lower interest rates and (3) no financing costs seem like enough to turn a marginal deal into a worthwhile investment. 

If you're unsure about your current tax preparer's expertise in this area, it may be worthwhile to seek a second opinion or find a tax advisor with more experience in rental property taxation and house hacking scenarios.

Also need to be able to obtain a line of $10-20k for it to be worthwhile and be put to use on real estate (a $2500 line won’t give you much buying power).  

If not, you would need to structure a creative deal by purchasing subject to the existing mortgage.And if taking over the mortgage is not worthwhile due to the condition of the property, your last option would be a short sale.Before structuring a creative deal, make sure you are guided by someone who has done it before.

The good news is that the returns in rent were always enough to make it worthwhile. 

Just here to share and learn and hopefully make some worthwhile connections