Assuming you have net rental income, the rental expense would be picked up as income but your rental expense (personal) is not deductible, so you would be paying taxes on the income that you paid yourself with an after-tax dollar.

Residents pay all utilities as of now and commercial pays own water as well. 

@Anita MuhammadOne of the reasons why I picked real estate investing and self-managed local landlording as my way into real estate investing is that I was kind of born into it -- my grandfather ran apartments this back in his day and I grew up on stories told by my mother about the life.

(Delaware or Maryland)   which would you pick and why?

I will definitely study Euclid and Garfield heights some more.If I wanted to study around 4 or 5 areas, among this list, which other 3 areas would you pick: South Euclid, Cleveland Heights, Lakewood, Maple Heights, Warrensville Heights?

I was offered one but I have had too many fires to put out to go pick it up.I hope the tax man avoids my property for the next 10 years... 

The math is easy: nothing/zip/nada/zero.Conversely, if you change your tactic and start making offers at say 75-90% of list price, and actually pick up a couple of fundamentally sound properties as a result, how will that change your overall financial picture?

Hello everyone! Jacen here. I just recently got interested in the real estate industry and have been doing nonstop research over the last 36 hours to kinda get my feet wet. I’ve been all over the Bigger Pockets websit...

Residents pay all utilities as of now and commercial pays own water as well.

I was down there  earlier this year networking and looking at properties, and after hearing lots of bad things from Calgarians about Windsor, I must say it is a beautiful city with great cash flow potential, making it our #1 pick to invest in if we stayed investing in Canada.