Keep the money for the days it was vacant (ie if you rent it Aug 1, then you keep 1 month's rent) and any damage that you had to repair. 

One transfer of money from a personal account to an account associated with the property and you're toast!?

Would you: A) Sell the lots now at a discount, take a loss but at least get some money back out to try and redeploy elsewhere. 

Separately, I use apartments.com to collect rent, security deposits, bills, etc - also free for you as the landlord and the tenant.Third - to write off items for taxes, I'd check with your CPA but in general, it would be anything you spend money on with that property, including mileage going there.Best of luck!

Five Unique Ways I’ve Seen People Make Money In Real Estate1.

While my wife and I have a good amount of private capital, I would want to do this deal with someone else's money and my sweat equity. 

Good morning, Has anyone had positive experiences with attorneys for the sake of lending private money for an investment property in the State of Ohio?

I actually just did a dscr loan to pay off the hard money I borrowed on the second property (where we live and rent the actual house) I estimate the appraisal to come in around $215-280K which if I were to take out 80% would barley give me enough to buy anything in the FL market and have cash left over for renovations.Not sure if im missing a step here or if it might be best to buy an auction home with that cash to flip and have more capital to have more deal options. 

Additionally, it's possible that your money will be locked up longer than it would in an acquisition investment.

If you make more money in cashflow from your rental than your current outflow it doesnt matter.