I am planning to buy and hold for 10 years and sell it for my child education and my retirement.Or if I hav the finance increase the value by building a mini commercial complex like McDonald,postal service,petrol station,etc,The location is a issue now.Either I should buy in urban or rural area.If you need any other additional info please let me know.Tonnes of appreciation

The people that call you back, schedule a follow up and increase your amount offer.  

As an aside, the tenant has also been several days late to pay rent for the last few months, but I am having a hard time faulting them due to the hardship from the increased utility bills.I'm not a shady guy and I want to make this right, I just don't know the best way to do so.

One way or another, however, the investors must work to pay down loans, increase rents and decrease expenses wherever possible.

@Patrick Philip You will be looking for opportunities to increase income or decrease expenses.

If you're in a lower class area, a brand new custom kitchen isn't necessary and you won't likely get a good return on your investment.

Good question - we did purchase with the LLC as the actual customer but definitely had to personally guarantee the loan.

I have rehabbed the unit with laminate/tile floors, new kitchen cabinets, etc... is it worth it to go to the next level with the rehab (crown moulding, custom shower, etc..) in this area?

Due to my income falling between the $100-$150k, I am curious on how to increase the amount I can write off of the maximum $25k passive loss for active real estate investors (not sure if there is a term for this write off). 

If you own land close by you are probably aware of the rapid increases in land values based on a strong economy and the proximity to the Domain (the new Downtown) just 2 miles away.