@Lesley Resnickthanks for your opinion, I'd like to respectfully point out a couple things...and please understand I'm not arguing for inflation/deflation, only offering food for thought.  1.

Source: Washington-demogrphics dot comPopulation is decreasing and the median income is slightly rising.

Out of 600 from a lead source I paid over $2,000 for I have over 300 returned for wrong address.

List source can be good for absentee owners and out of state owners.

The house is appraised at about 126k on Zillow (not sure about the credibility of this source).

Unless you have another source for cash or some collateral to borrow against, you may have to slow your plan down some.  

Passive investing is to be part of an investment team buying larger multi-family property without being the lead investor who will source, negotiate and close the deal. 

Since I have no other sources of passive income, depreciating the property during those months saves me nothing.

An unsecured credit line option can be used to purchase, rehab, and flip real estate, allowing you to leverage resources to do more deals, and increase your bottom line on each and every property.There are source of funds in the market place that our experts have established relationships by auditing banks and compiling a list of those whom lend to businesses without reporting the business owners or investor’s personal credit!

HI Bob,The podcasts have been a huge source of info for me.