Nanticoke has the campus for the local community college within its limits so there is some call for student housing.

So, with that there are limits to how fast I can accomplish things.

If so, gains are tax free (up to limits).

Some people like to use debt to limit their liability while other like to eliminate debt as quickly as possible to insure as little money as possible gets paid out in interest.

A portfolio loan that is call the Investor Cash Flow loan is designed to not have income or employment info on the application.

@Brook Rieman, check the registry to see what his limitations are in your area.

So that is another whole discussions .But in general, as rental generates loss or very minimum tax net income, sec 179 is limited to the net income from business.

@Nick Diecidue you can always ask the seller to deliver the units vacant upon closing (that's if you haven't signed a P&S yet).What I would do is buy the property, and right away have the tenants fill out a rental application, apply that information into a 3 month lease, and deliver a notice of non-renewal 45 days in advance.

Don't limit yourself to vacationing people. 

Before we get started I DID check the meetups on BP in my area but they are pretty limited at the moment.