My tax situation varies a lot, but that's the scenario I'm looking at right now.My understanding is that the highly touted tax benefits of owning rental property boils down to [1] you can write off expenses (but I don't see that as a benefit; I don't think people should pay taxes on money they didn't make), and [2] you can depreciate the property.In the case I describe, it seems to me that not depreciating might be more beneficial.

There is a benefit that rent collections will be uneventful, usually unless the HA office messes up, but the rent is like clockwork.

I am curious as to other peoples view on this practice, risks associated with this practice, as well as benefits.

How do I benefit from passing on those leads.The first question isn't too hard to answer.

The good news is BP and Red Cross will both benefit and the family affair Super Bowl should be a good one!

Sandy Blanton,You cannot in any way personally benefit from your IRA's ownership.

I have been told that LLC will not have much benefits as I was thinking it would.

Everyone always tries to minimize their cost of money; no argument -- but there is also value in speed, reliability, and a high LTV.For experienced investors, you should be able to get those benefits without having to pay higher HML rates...In my experience, private lenders are much faster, more reliable and offer higher LTV than HML -- PLUS you get lower rates.

I have been offering the lease option if they meet this criteria but they usually aren't interested in that either even after explaining the benefits (I guess my sample size is too small).

As licensed contractor you have an big benefit you can stay away from overpriced expenses for the rehab.