The airport had the buildings (from when federal gov turned the land over to the Airport Authority after WW2.) and allowed the current "owner" to spend a few $M improving the buildings.

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

However again if your bound and determined to buy the physical assset then you need to buy quality not C class.. you will NOT get consistent cash flow like you are thinking your will. you will have tenants stop paying you will then get NO rent for 2 to 6 months as you evict and then spend thousands rehabbing the house they just trashed..

I have one for FTW but I want one for Memphos and Houston, the places I spend the most time for business.I dont have a trsted CPA / Atty for this but I also havent asked them. 

I'd spend maybe ~$60k of that money.

I took a few years out of work to take care and spend time with a family member whp passed, so I have only been working for a year now.

Is this an amenity worth spending $$ on?

If you do a proper foreclosure and notify all parties a tax foreclosure can clear up an otherwise scrambled title. 

My thinking is this:1) Spend your money making the unit nicer, not investing in machines that will need service calls.

Frankly, if you don't keep track of what you spend for business, real tax strategies is not your problem at the moment.