In the same agreement we see that this protection period is only for 30 days- so that means on day 31 we can sell to a buyer that saw the property assuming we have a new agent/listing, correct?

Hi David - You can deduct all expenses (including depreciation) related to your rental property.

I just dont see the point of going hard money when I can borrow from my HELOC.  

For instance, I've reached out to cost segregation companies in San Diego that will base land vs building value on whatever split the tax assessors report shows which many times can be around a 50/50 split. 

Tyler,I tell all of my Military Veterans when you close with me come back to us so we can offer a in house VA IRRRL.

Quote from @Jake Hughes: Called my CPA and they mentioned that aside from tax write offs we can do a cost segregation study on one of my properties.

Once you read the explanation below, you will understand how REALLY bad things can be if you don't get the letters but go through with the purchase.First, the owner/seller should have a clause in the lease requiring tenants to sign (or object to in writing) tenant estoppel letters if presented to them.

If you want me to give you a quote, I'd need to know the address, 1st lien details (type of loan, balance, interest rate), credit score, income/DTI details, and target LTV (can go up to 80% CLTV on the 4plex). 

@Casi Rice The best advise I can give is become an investor yourself.

Plus, it looks modern and can increase the appeal of your property to future tenants!