.- If you have a loss which you might at least on paper, you can deduct all looses against your W2 income without limits.- Structure: Form LLC, if you have looses don't treat it as an s-corp yet, since it is an added unnecessary cost at the moment but do form it.- Have kids: Hire them, they pay no tax up to 12K each and you get to deduct 12K.

Hi All,I have a rental applicant whom I would like to place in one of my shared housing rentals.We strictly require all applicants to undergo a credit and background check.

I know that I will only occupy a unit for a limited time, and the house-hack is just a way to get more favorable rates, better loan terms, and elminate, or severely decrease my housing costs today.I am sure there is someone on BP who has built some wild spreadsheet, or other model where you can actually calculate the value of no mortgage, but for me, as long as I am covering most, or all of my PITI while I am occupying a unit, and the deal works as a stand-alone investment deal, then I am done running numbers. 

@Justin Allen ...but wait, there is more, you get double your request for only $0.00 + S&H, only for limited time:Here some recent articles good for starters:- one to raise you up:https://www.biggerpockets.com/renewsblog/3-important-questions-starting-investing-real-estate/-one to bring you back down to earth:https://www.biggerpockets.com/renewsblog/dont-just-dabble-in-real-estate-investing/- one in the middle:https://www.biggerpockets.com/renewsblog/cheap-free-steps-today-pro/One way or another you will pay your "real estate tuition" - either in time, effort or money.

We soon learned the area was starting to decline demographically, more and more low income applicants that couldn‘t qualify.

I don't have properties in any other market so my experience is limited to only Bragg.  

@Bobby Zandate FYI, you have like 15 - 20 mins to edit your post without getting the ****ing "updated" lingo under the original.It seems like you did your numbers correctly based on the limited information you provided

However, we also do limited inspections as the seasons change to attend to certain maintenance needs.

I understand that time is a limited commodity and can offer a consult fee or I would be pleased to take you to lunch.Thanks again, Tom

Otherwise your choices are limited, which is why more wholesalers shy away from REO's.