You can outline this in the lease with clear examples so tenants understand how it works.

After reading this thread, a few comments come to mind over this common A or B decision.Without knowing how much it is (no need to say) makes my advice (or more accurately, my opinion) more general in nature but here it goes:Lending has very little to no tax shelters whereas buy and hold does.

I'd need more details to provide more helpful feedback. ...

This is a GREAT post and so true.

Logically, I would care more about getting the best price but not overpricing to where the home sits on the market. 

So just to clarify- I can deduct the cash investment I put into this flip as COGS when I go to sell the property if it takes more than 1 year to flip? 

VA and FHA loans are basically the only assumable ones in the market place.

Hey all, I purchased a long term rental in Houston.

In my market this is considered a great return.

The pipes have to be dewinterized so I would have a plumbing professional there prior and when the water gets turned back on just in case.