Depreciation - assuming the entire 1.5M is depreciated over 27.5 years means ~4500$/month that I can deduct from my income for federal tax purposes - so would need to multiply by my federal tax % to get an actual $ saved value (im a little hazy on these things, so please correct me if im wrong). doing so doesnt make this a cash-flowing deal with a mortgage, and still wont crack 5% ROI if i buy in cash.finally, here's a link to the biggerpockets calculator for this - https://www.biggerpockets.com/buy_and_hold_results...So, is this a very unattractive deal or am I missing something here?

But, hey, if someone wants to prove me wrong, do so with a fully executed purchase contract and make an "I told you so!"

I'm turning the community in the hopes that you can talk me off the ledge. Or at least provide some support or advice. I dreamed of investing in real estate for years. I networked my ass off and managed to buy four pr...

If nothing else, you helped a couple people out and you can't go wrong doing that.

I need some one who I can trust that will come to work and do a good job... which makes me think, if the contractor builds something and the inspector say's its wrong... does the contractor get monetarily punished ?

What could possibly go wrong ? DO

She is located in the City of Los Angeles, by the beach.This seems to be completely wrong. Does

If executed, it will be tough to prove wrong doing for that reason since performance is not a condition of payment.The act of collecting the money will be civil in nature unless the person is pursued by regulators and found guilty in courts and restitution is awarded.

Legal issues arise as well, officers and directors are immune from personal liability except under intentional acts of wrong doing, basically.

Agents sign a piece of paper promising to adhere to a "Code of Ethics" but they are policed by themselves and if you file a complaint the standard answer you get is "No wrongdoing found".