Depreciation - assuming the entire 1.5M is depreciated over 27.5 years means ~4500$/month that I can deduct from my income for federal tax purposes - so would need to multiply by my federal tax % to get an actual $ saved value (im a little hazy on these things, so please correct me if im wrong). doing so doesnt make this a cash-flowing deal with a mortgage, and still wont crack 5% ROI if i buy in cash.finally, here's a link to the biggerpockets calculator for this - https://www.biggerpockets.com/buy_and_hold_results...So, is this a very unattractive deal or am I missing something here?

and will this save me on taxes?

I work remote for a technology/web development consulting company based in Central Phoenix but with 3 boys, we didn't want to live near downtown.I'm currently saving to invest in some properties down the road, possibly out of state, and would eventually like to buy and hold.

My advIse Is purposely start to Save back rents for the repairs you know you’ll be doing in the future .

Start saving and learn how to do the math on the type of investing you want to do.

My wife and I are saving for a home coming August 2019.

They basically use private money to buy and finance the building, then work to find a renter and sell the turn-key to an investor who uses their 401k or retirement savings to buy the house.

I have a good savings for a 37 year old but i live with my wife in an apartment and don't own a home .

Russ when people ask me about this side of the real estate many times I relate your personal story.. as I found it quite interesting.and that like with most business's that have the opportunity to make significant income you actually need significant up front capital to launch and have savings to live on while you prime the deal pipe line..   

That would increase your savings rate!