I’m also choosing these properties because I want to be able to put a large down payment on a personal residence and my idea is that these properties are worth far more so my options to take out larger sums of money will be easier. 

A lot of investors based in markets like New Jersey are choosing to purchase their investments OOS in the Midwest because of the affordability and numbers making more sense.

Pillow cases take a beating so we have extras of those.Whatever you choose, make sure you have 3 sets of everything to facilitate easy, quick turn overs.

When choosing one in the area your plan to invest in, it is very important that you interview them in-depth to make sure they are not FOS.  

In terms of structuring ownership, many investors choose to keep foreign properties under a U.S.

You don't get to choose who claims the property based on who makes more money.Third, here comes the bad news: you cannot generate tax losses from renting rooms out of your own (or your daughter's) residence.

So be careful out there when you choose these people. 

The profit wasn't worth the remodel and sweat equity so we choose the long game and cash-flow. 

You can average these or choose the most comparable sale to determine a reasonable land value.Using a lower land value increases the building’s depreciable basis, maximizing your depreciation deductions.

Whether or not you choose to take your test and get the license is up to you.