A great benefit you have in your own scenario, that we also preach at FlipSystem, is the ability to utilize multiple exit strategies.

Lowest down payment requirements, typically only need to occupy for 6 months, can take cash out like any other property and effectively "BRRR" minus the rehab. 

One question I now have is the following: do states typically allow you a Schedule to deduct expenses like maintenance and repair, or is that just a federal thing? 

A good instructor is going to teach you ALL aspects, even ones they might not utilize themselves.

This is typically the monthly rent multiplied by 12.Estimate Operating Expenses: Sum up all the expenses associated with owning and managing the property on an annual basis.

A Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.

80% on a purchase is pretty typical, so i can see how you got 75% on a rural purchase.

I'd like to explore card operated laundry to provide that as an option for tenants, to offset the cost of running the washer and dryer while I pay for utilities. 

Hey Shae, entitled land is difficult to put a price on because there are typically little to no comps. 

But God help me if I start to remember your phone number. specifically...Winning the case isn't the hard part, the hard part is generally finding a lawyer that is willing to file the paperwork because there typically isn't a ton of money to be made so they don't have a lot of incentive to take your case.