I have spoken to a couple of people from Jason Will Real Estate, and haven't been overly impressed. 

I was impressed with his promptness, detailed bid and excellent communication upfront but all those things went out the window after a couple weeks.

I was under the impression they wanted to see a body of work to know their money has a good shot of being returned.

First impressions with a broker is key and find out what that broker specializes in and their background.  

So wait until it goes into the "all bidders" section and put your bid in.EDIT: The unless your daughter buys it was under the impression she would be living there, but rereading your post it doesn't sound to be the case.

They always had an impressive and productive project to work on when everyone else was watching Television.Since this is a real estate forum, real estate is my product, my interest, and provides the activities I enjoy.  

So now here is our depreciation calculation :(550k x 2.5/100) + (50k x 20/100) = 23,750I have heard and seen many people, CPA's or tax filers don't do it.I am really impressed with 20% components part.

As new to the community, it is these kinds of first impressions that are quite resounding for me.So, a lender will allow me to purchase a property directly into an LLC if I sign a "personal guarantee" along with it, you're saying?

Impressive that you can manage so many properties running solo. 

Cash flow for lower-tier props can look amazing on paper, but there are a lot of other factors that make real-world returns less impressive.