Whenever I read investor posts about unit count goals and utilizing section 8 rentals as the vehicle to scale a portfolio it loosely translates to buying real estate without paying attention to the fundamentals in the markets where they invest.

In our market this the best way to get cash flow and get moving. 

Save money, pay less taxes, spend it on real estate and the stock market. 

If they wanted to pay for the updates and agreed to restore the property to its original condition (if you wanted them to) after they left, you would need to allow it. 

The problem comes from an investor's conditioning to never pay contractors upfront, or they will not finish the job.

If your startup costs are over $55,000, you lose the immediate deduction, and the entire amount would have to be amortized over 180 months (15 years).Here’s an example to clarify:•If you spend $7,000 on startup costs (such as attending BPCon, legal fees, and market research), you can deduct $5,000 in the first year and amortize the remaining $2,000 over 15 years, starting when your business is officially active.

- How do you assess the market and identify red flags?

If it didn’t take a long time to generate that cash(1 year or less), I would consider doing syndication and wait and see how it went, while continuing to educate myself on local market conditions for an investment property.

Remaining tenants agree to accept all responsibility for rent and the condition of the rental as of [DATE].All parties sign and get a copy.

As I expected this is a very different market than where I live (in NY).