For majority of people I actually think self-management is the best route.

I tried to use the BP calculator but even then I’m having a hard time knowing what the property is actually worth, or what it will  cost to put the work that needs to be done in it before renters move in.

They are Not subtracted from the actual Tax you owe, dollar for dollar. 

You need to know what liens and judgments encumber the property and which lien holders are actually foreclosing.  

You’d be shocked by how little actual screening many PMC’s do!

Hi,Is interest on a loan for a piece of real estate considered an amount owed on the mortgage of a property when calculating the equity for a piece of real estate?

@Wylie Freeman, There's actually two different concerns here.1.

It is actually 60/40 and one side has a so so tenant.

After generating wealth, its time to move to generate cash flow.Its all very passive with a different/better risk profile.I'm actually not paying that much tax, much less than the 1031 proponents and other investors would have you believe. 

Also condition I actually think they are similar, the north face one might even be solidly better in my opinion.