That is a 101 type of technique, the IRS is very aware of it.If "I won't get caught" is the approach, then you can whack anyone you want - as long as nobody wonders why the rose bushes in the back yard are growing so nicely and digs to find out. 

I am working with my bank to finance the deal and am wondering if hard money/ private money may be a better option since I am having to do some creative things for the down payment. 

Wondering what people are using to create and track their personal financial statements to include fixed assets and depreciation?  

There social standards and social skills do not warrant "nice".This has been tried and failed many times with investors walking away wondering how tenants can be so irresponsible and so destructive.

However, I've seen a number of folks invest in multifamily homes in upstate New York and wonder if it would make more sense to get something cheap ($250-$300k) somewhere upstate and to continue living in a rental.

Also, just wondering if the foreclosures ever auction for lower than the price owed on the mortgage? 

I was wondering if there was a list already going that had the Famous 4 book recommendations. 

Looking to purchase my investment property in Florida and was wondering where the best markets are right now..

Wanted to receive opinions, what is the best way to connect and develop our list of cash buyers using this wonderful site?

Hey Guys, it's me again--you all had great input on partnerships and I'm wondering what your insights are on this one.Update-the SFH in question last time is doing great (I ended up turning it into an Airbnb which is cashflowing 2.5x more than a regular LTR), I did that deal solo (thanks to your alls input).