So, for the interest paid on the loan from August through December, who can claim the interest for tax purposes?

He walks us through every step of the way.

Quote from @Jimmy Rojas: Through loopholes there are many home owners that are illegal immigrants, if they get deported , what will happen to their homes? 

I can find the deals through certain websites and other resources, but i hav barely a clue on how to actually pull the comps.

Other than new construction development same here we have no senior debt its all cash.. of course unlevered returns are are a little less but man is it so much easier to manage and not worry about paying the senior debt all the reporting One has to do etc etc.. having been through a terrible down cycle with syndication decades past and watching what the guys I worked for went through and lost I just decided if we cant pay cash I am not going to do it. 

If for some reason this falls through should I attempt to offer more money for a quit claim deed or proceed with the newspaper notification process. 

Whether that's through house hacking or just another set of units I hold, I plan to purchase again this year. if there are tips on how to build a trusted network of people on here, I would welcome that.

Instead of learning through trial and error, you learn from someone else’s mistakes.

To be safe, if you build a closet in the room in question,  you won't ever have to explain to your appraiser, and to every potential tenant walking through your property why one of your "bedrooms" doesn't have a closet!  

Networking with local investors through BiggerPockets, Facebook, and meetups can help you navigate the market, while avoiding common mistakes like underestimating expenses, poor tenant screening, and hiring the wrong property manager.Good luck!