However, you won’t need this write off for many years because you’ll have the cost of the actual property to offset your earned rental income.

But I am not that good and not all of this HARD EARNED money is mine. 

Once you have earned some money and mature a bit you may find that it is also part of the responsibility that comes along with success that may lead you to simply want to help a community maintain or improve its quality and value.

And she called friends who came and took away some of the junk furnishings my workers had taken from the house and put on the curb, which reduced by half the amount of stuff that went into the dumpster. 

Series LLCs aren’t available in all states so check with your advisors.You didn’t say how much equity you have in each property/LLC but you could possibly reduce the amount of LLCs and with the money saved significantly increase your liability insurance.

Rental losses can only be offset against future rental profits - your rental losses cannot be offset against your salary or other income to reduce your tax bill. 

If the repairs are more than 10k, they will be discounted from the offer price.Operating Data: Numbers I'm using to come to Cash Flow and NOI, Seller provided utility expenses and Insurance costs.Note: the CapEx numbers are estimated from a spreadsheet on things that will need to be replaced in the next 5 years, I plan to sell in that time frame to reduce large CapEx expenses.

Being not from the same industry in my current situation, I know it took me well over a decade to first understand how I can optimize my earning potential and then eventually somewhat be successful in that. 

The reduced price did not match the cost of repairs.  

get a paying job in the industry and save.. real estate is not an industry or job that you can do without resources of a financial nature .but you can get hired on to do many jobs in and around real estate and earn while you learn.