If it gets down to pocket change range for the local professionals and they aren't touching it, there's a reason why.

You can then offset a passive loss. ( I know it is a complicated topic, please talk to qualified professional) 

This will help local professionals find your post and help you with your search.Best,Abel

Rent of $700/month or higher otherwise buying a toilet or water heater is just to much of annual gross rentOnly deferred maintenance I can hire a top tier property management firm to do (I.e. no structural repairs)In this area you can pretty much sell a rental property in under week at 9% cap rate to gross rents if it meets these criteria, has professional management, no deferred maintenance, and vetted tenants. 

I have a few questions that I would love for other both novice and professional investors to share their experiences 1.

@Tim Kelly @Jay Helms @William Allen   All of those guys are a part of PIG (Professional Investors Guild) or were at one point.

Check with your tax professional.

You may also consider hiring a professional cleaning service and doing some minor cosmetic work such as painting walls off-white.

Mega malls, professional sports stadiums, expansive shopping centers, ten+ bedroom mansions, etc.Maybe this has happened many times in past sellers' markets but for those of us who haven't been in the industry too long, is this normal?

My people are IT professionals that do not want to buy a place and are too cheap to get their own place.