This can be counterbalanced by the fact that there should be an instant increase in market value of the apartments, although not all would be a windfall since some of this increase would be attributed to the payoff of the underlying mortgage, which of course would result in cash paid for their share by the individual owners or a larger individual mortgage on the condo units.

I have one operating account for all of them but I know how much money is attributable to each property.

But if you're asking how is the value attributable to any land component of a given property acquisition determined, any reasonable method will suffice (e.g., allocating the land value based upon local property tax valuation ratios might be acceptable).

Otherwise, you'd have to hand over your personal records and show which income/expenses are attributed to the investment property --- potentiall awkward to say the least.Also, don't forget that all but one conforming residential loan requires owner-occupation. 

But these are macro-economic trends primarily attributed to the Millennial and Baby Boomer demographics who typically are not leasing at this type of property.

Interest attributable to cash sitting in a checking or savings account is investment interest expense, which is deductible up your amount of investment income if you itemize. 

@Jasmine MooreI don’t know if the deal is great or not, but based on the limited amount of information provided, I have my suspicions.Many of us experienced investors, who have looked at, analyzed, rejected hundreds, sometimes thousands of deal offerings, know that inexperienced investors are often influenced by the wrong deal attribute, use incorrect analytical criteria, and place way too much emphasis on perceived potential.

If debt-financed real estate is acquired via an IRA, any income attributable to such investment will generally be subject to unrelated debt finance income tax.5.

I have recently read :Rental Property InvestingBook on Flipping HousesBook on estimating Rehab costs90 Day Journal ( good to focus on goals)Other good overall business mindset books and general personal development books are:Any Tim Ferris’s book Extreme OwnershipUnshakable (finance)Work the system Awaken the giant withinThe millionaire fast laneThe E-Myth10x ruleNext on my reading list is:David Greene’s BRRRR bookLong distance real estate investing Landlording on autopilotWhen I first started reading stuff I didn’t want to waste the time or money on books, what started as a small habit of maybe a few pages a week or so turned into about a book or 2 a month and a large library of books, definitely attribute my progress over the last few years to the books I’ve read!!

All of this can be attributed to all of you guys who are here posting, helping, sharing, complaining, advising, suggesting, and asking.There are very few communities that actively give/share as much as BP.