Let’s see what that looks like on the income statement first:Example 1)NOI = $1,000,000G&A = $1,000,000Depreciation = $0.00$0.00Tax = $0.00Value @ 6% cap rate = $16,666,667Example 2)NOI = $1,000,000G&A = $0.00Depreciation = $1,000,000$0.00Tax = $0.00Value @ 6% cap rate = $16,666,667As you can see from our two examples, both the value of our property and our tax bill are identical.

@Vish Rav sounds like the seller committed fraud.

@Huso Akaratovic I have a similar personal experience that is almost identical.

The only time I’d really want a walkthrough is if the house is unique (in Vegas every block of 40 houses are 90% have identical layouts, or mirrors of those layouts.) and there were zero pictures, but then I’d just offer less.

The protection from fraud that consumers have with an ACH payment versus a credit card payment is that the consumer has 60 days to complain and have an ACH payment immediately reversed without any research into whether the ACH was legit or not.

@Joseph Labit ask him if he would buy 3 identical properties for 300k cash.

I got him to raise it to $345,000 and my seller and his wife had just found a property they desperately wanted, they took it - and a $34,000 screwing.In practice, I've never met a seller or agent who wants anything but to get veterans a good deal, but if I had two identical offers and one was VA, I'd educate the seller and let them decide. 

Seemingly identical cookie cutter houses on the same street could have widely different rents.

(Capital gains tax are identical) Stock price: $1502016:Paid: $5000 for 100 shares, valued now $15,0002018:Paid: $8000 for 100 shares, valued now $15,000Assuming I only want to sell one of these positions, obviously selling the 2016 position will give me more profit (even after taxes).But is that the right choice ?

If you do it earlier than that, you could be accused of mortgage fraud which is a felony.