Where these numbers are found, there is a very high rate of rent actually being paid.We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, and mortgage industry National footprints.

If you plan to invest in multiple states or require advanced asset protection, consult a CPA or attorney to explore options like a holding company structure.

I financed this property using down payment funds from 403B and a local commercial bank.

Yes, just like you claim depreciation on the use of your property, any company including an insurance company claim depreciation when they pay for your damage.

If leveraging equity feels too risky, you might consider using a portion of the equity to fund your next property while keeping reserves intact.

Public has little desire to see them cut and GOP has no desire to increase funding for this. 

you are going up against people and companies that spend thousands or even tens of thousands of dollars a month in marketing. 

He can spend the next few years-ish getting a finance degree through an online school while working part time, but he just got offered a full time position helping with sales for a local wholesale real estate company. 

Since the previous owner is getting most of the proceeds does the closing attorney issue him a 1099S and then issue my company one for a much lower amount?

Offer to do his inspections for free in exchange for some education on how to find, analyze, and fund deals.