If I were to purchase (at a higher price) then the taxes I pay would be very different from their taxes.

I agree - it's a smart way to get into real estate—especially if you want to save on living costs and start building wealth.

Marketing and home improvement activities may count as well, provided they are directly tied to property operations.2.Time Spent by OthersThis ties back to keeping a logbook.

It came out to $823 in expenses and in the area Section 8 is paying $11400 to $1600 a unit.

I would find a property that can provide you both.I used to aim for 8% cash on cash return + 4% appreciationGiven where the market is now, it is likely hard to find 8% cash-on cash and a 4% appreciation.I think 4% cash-on cash and 4% appreciation is do-able.

How much is the monthly rent?

Are you offering any special programs, incentives, or advice to help them close out the year successfully? 

To minimize this tax burden, consider the following strategies:1.

For people who don't want to hang it, then they need to take wet clothes to the laundry room. 

Quote from @Charlie Martin: Hello, I’m hoping to buy my first property next year, and am wondering if I should create an LLC to do so.