You don't want to be starting this process over on August 1.Second, the New Mexico court will award you monetary damages for your unpaid rents, court costs, etc.

You can "generate" it if you purchase, either yourself or with others (e.g. syndication), a large property and do a cost segregation. 

Low electric costs and low epa costs.  

My costs will be minimal.

Also, stop trying to charge tenants for the costs to maintain your own property.

We are now seeking advice on how to protect our assets while owning the properties in our own names, without incurring excessive costs that could lead to negative cash flow.We are open to exploring creative solutions that strike a balance between asset protection and financial stability.

There is no cost to you to do this.

The appraisal took 2-3 weeks to perform and the cost was just under $5k.

Hello,Does anyone know if you can take a tax deduction for closing costs on the purchase of a rental property? 

Without knowing the area really well it is hard to know how much of that is the cost of land baked in.