So your super basic P&L may look like: $30,000 Rents-$3,000 insurance expense -$9,000 interest-$3,000 taxes-$8,000 operating expenses-$14,000 depreciation ----------------$7,000 loss on paper for the year  so negative taxable income But remember- $14k of that (depreciation) was something we didn't actually spend money on- so cash in bank at year end would be $7,000. 

Quote from @Nicholas L.: @Aj Greeni have questions for you. how many lenders have you talked to? 

It is balance sheet heavy but for some reason, most investors in BP are just focused on P&L and they stick with these free accounting platform that doesn't even utilize the Balance Sheet.A lot of the time when I clean up client's books, it's mainly in the balance sheet that needs to be fixed up.

City proper has been on 5 year bear market completely unrelated to anything political, the suburbs have been adding inventory since the summer but are still very low but any measure and have actually gotten tighter the last few month, while I am open to the idea these cuts could eventually have some effect on the market, about 20% of the dc area is federal employees, let’s say the federal government cut the work force 25% which would be huge, that’s 5% of the population, but a good number of those people are either two income households where one person works in the private and/or the person being laid can go get a similar job in the provide sector l, the percentage of households who would be forced to sell thier house over this is likely in very low single digits.

Just keep those off your P&L right from the start.If you have questions on the maintence percentages on the POH homes... lmk and I may be able to help.Hey Roger thank you for your response.

L. - This is not something to 'fix' - the system was designed that way.

Quote from @Ian L.: ~225k per doorThanks, @Ian L..

@Kris L. if you are looking to make one last comparison, I would see what @Josh Green can help bring to the table.

Quote from @Nida Kazmi: Quote from @Nicholas L.: @Nida Kazmijust curious, did you buy something or are you going to?

Scroll down to page 6, Schedule L, Balance Sheet per Books.https://www.irs.gov/pub/irs-pdf/f1065.pdfLook at Lines 7a and 19a.