You may be responsible for yard care, trash, and water.If there is no water, the city may condemn the house, prove the house to be a nuisance, and order it to be removed, all of which will be on your ticket.

That is approximately what you could get in taxes you would not have to pay now or in coming years with a good engineering-based cost segregation study on this property.

Definitely study the requirements for an FHA Loan like a book and make sure to set yourself up for success.

If I can prove expenses are less than income, should be no problem.  

I am currently studying to receive my BS in accounting and my MBA- Management.

For about a year now I have been studying, reading, and listening to podcasts on real estate investing.

$768,099 tax savings in the first yearIf a Cost Segregation Study had not been performed on this $2.4 Million Apartment Complex located in Denver, Colorado, would have had first year depreciation of approximately $89,000.

So, yes, to scale you either have to hire a property management company or become a property management company.You have to study your own finances, the equity available, your tax strategy, the availability of opportunities for what you could do with freed up money to answer your last question.

I’m lucky if they can prove they have renters insurance.Tenant screening is really getting tricky.

Legally there are some issues as well regarding the states that do and do not recognize the Series and the burden of proof you will need to show to prove they are truly separate.