In other words, if you have no plans on trying to pull your equity from the property, it makes little difference if you paid 50 bucks or 5 million bucks on the property, so long as it produces a commensurate level of return. 

The town had me jump thru incredible hoops to bring it up to code...

BP has been incredibly valuable.

I'm looking forward to learn and meet new people in this incredible community.Best regards.

My overall goal is to have three income producing properties.Thank you.

The power of finding your communities and interacting with professionals is incredible.

While you may never correctly spell the word "license" you may become incredibly effective and a smart operator.

He looked at my plan and pointed out that these types of properties produce much less cashflow than something like a duplex, and the property taxes in many of these areas easily are over $4,000 per year.His solution was to buy a duplex in a hot area of Philadelphia.

Our market here is dominated by top producing RE ladies easily making 500k to 1 million a year in commissions..

So I am wondering how real estate produces a negative taxable income or if i am missing something.