I used dealcheck on a multiunit in the area and played around with it till i could cash flow positive $250/mo. With a 3.5% fha loan i would still need about $14,500 for a down payment. Any advice on creative options t...

And you now have to file three tax returns:- partnership tax return- your individual tax return reporting 1/2 of the partnership losses- your partner's individual tax return reporting their 1/2 of the partnership lossesAnd while partnership return can be DIY-ed, it probably should not be.

I'm wondering if some one can help with an explanation about why a Hotel has many rooms with tax lien on auction? 

FHA loans typically require the property to be a primary residence for at least one year, so he should confirm compliance with his lender.Once rented, he can deduct expenses like mortgage interest, property taxes, maintenance, and depreciation starting from the date it's available for rent.

Maybe that is why the old owner didn't pay their taxes?

@Tyler Speelman, A 1031 exchange solves the tax issue. 

Fannie/Freddie (Conventional) loans aren't just about rate and transfer taxes. 

Hey @Nick Gallon Martin, I recommend speaking to a Tax Planner/CPA, @Jeff Nash would be a great resource for you.

This is a screenshot from a private Facebook group for tax professionals.