I want to know/Study the loop holes or plus points before i go for my first deal.

Right now like many others on BP, I am working full-time and studying real estate in the few hours I have outside of work.

They don't typically have checking accounts, etc.Is appreciation important to you?

vacancy is an imaginary cost that you estimate upfront to ensure your investment can sustain itself and actually make money. you do not need to put aside any amount of money every month, as long as you have a reserve account with enough to cover your mortgage payment when the time comes. to make life easier, some investors will put this percentage aside every month to fund their reserve account, but it truly can come from your pocket, a line of credit, or any other vehicle you use.

ThanksBuyanI sort of disagree with Account Closed.

Our LLC has a small business bank account: so, just pay them an hourly rate from the bank account?

Then there’s also accountants, attorneys, and credit repair specialists who work with individuals with issues that prevent them from getting a mortgage. 

Ask employer to confirm she works in the Marketing Dept when tenant says she works in Accounts Payable.

As Michael stated you can get more detailed with a cost segregation study to further breakdown the building value into the structural and necessary components that have 27.5 year depreciation schedule, land improvements have 15 year schedules and tangible personal property has a 5 (or 7) year schedule.

Last night I finally took the leap and upgraded to a PRO account and I'm FINALLY ready to make my move :) Anyway analysis or feedback I can get would be greatly appreciated :)