If you buy something for the whole duplex - gas for the lawnmower, icemelt, a new roof, trash removal, internet... it is only 50% deductible since you cannot deduct these kinds of expenses personally.  

Look at the lease very carefully and how they were qualified and validate income, credit, criminal history etc. to see what kind of element you have for a tenant base.

@Syed Firoz    I would have to see the lease before commenting on whether or not the document was valid.

The average is 70°( (450 - 310)/2 = 70°).In order to provide valid data we narrowed our research to the typical properties the majority of our clients purchased.

It seems oil and gas are spurring our economy on!

I tell the ones that want me to drop everything come down there immediately because they saw the sign that I can't afford to make multiple trips per day to the rental because today's high gas prices.

Who pays electric, gas, water/sewer?

wow so much negativity on here. it has a peerless new gas heater and the heater during the cold months was 800-1200 a month.

Stephen,Time is money.If you are at the top of your game you expect the money to match.There are too many investors out there who can show me hundreds of thousands to millions of dollars in their bank accounts and stock portfolios etc.All I have to do is have a listing they want to buy.Guys with no money locking up property to try to wholesale commercial real estate and "make it rich" are a waste of my time.I play percentages.A direct buyer has a much higher percentage of closing than a non-direct buyer because there are so many more pieces involved to make a successful transaction.If an investor wastes my time and wasn't a real buyer they are actually taking money from me.The reason is I have nothing to show for working with them versus I could have spent the time with someone who could close the deal.Hard money isn't bad as long as they have some money in the deal.There are a lot of people who don't have 10 cents trying to be something there not.Everybody has to start somewhere so nothing wrong with it.Just be honest about where you are TODAY and where you want to be TOMORROW.Showing a proof of funds valid within the last 30 days would go a long way with a broker/agent to take you seriously.Obviously if you don't have that and are trying some off the wall stuff you will meet a newer agent with very little experience or someone in the game awhile but hasn't had much success.Just like Jake I will vet a potential investor client just as much as they qualify me.If both parties are not asking questions and verifying there should be some serious red flags that come up.

Tax his car, Tax his gas, Find other ways To tax his ***.