Buying properties for the tax writeoff (even if you are eligible to take the write-off annually) is a sure-fire way to lose a lot of money.If it looks good on paper, but you are not deducting a total of 45 to 50 percent from your SGI, one or more of your assumptions is probably not accurate.

I just wanted to see if you guys believe what he is saying to be accurate, and if there should be anymore stuff added.

BTW, there exist some common law (judges rulings) cases where it is stated that the redemption rights cannot be purchased, forfeited or assigned in PA.Time for you to research the actual PA statutes and rulings - some of your book info isn't as accurate as you might want.

http://www.biggerpockets.com/forums/48/topics/9211-what-online-comparable-sales-resources-do-you-like-http://www.biggerpockets.com/forums/12/topics/64366-best-website-for-home-comparables-http://www.biggerpockets.com/forums/12/topics/28821-pulling-compshttp://www.biggerpockets.com/house-value-comps.htmlhttp://www.biggerpockets.com/forums/48/topics/3080-finding-comps-for-a-areahttp://www.biggerpockets.com/files/user/JasonScott/file/estimating-arvhttp://www.biggerpockets.com/forums/93/topics/70098-accurate-comps-without-mls-accesshttp://www.biggerpockets.com/forums/311/topics/68618-comps-without-the-mlshttp://www.biggerpockets.com/forums/48/topics/13226-comps-websitehttp://www.biggerpockets.com/forums/67/topics/72346-where-do-you-run-your-compshttp://www.biggerpockets.com/forums/69/topics/60001-compiling-arv-datahttp://www.biggerpockets.com/forums/93/topics/73180-explaining-to-new-investors-why-comps-from-trulia-and-zillow-are-not-reliablehttp://www.biggerpockets.com/forums/93/topics/67608-does-anyone-happen-to-know-of-a-website-that-will-allow-me-to-pull-my-own-compshttp://www.biggerpockets.com/forums/93/topics/76206-checking-compshttp://www.biggerpockets.com/forums/93/topics/15122-good-website-for-compshttp://www.biggerpockets.com/forums/12/topics/39786-sales-compshttp://www.biggerpockets.com/forums/12/topics/22356-what-website-do-you-use-for-comps-and-arv-http://www.biggerpockets.com/forums/48/topics/628-getting-comps-on-real-estatehttp://www.biggerpockets.com/forums/12/topics/19242-comps-and-previous-purchase-priceshttp://www.biggerpockets.com/forums/48/topics/9818-methods-of-looking-up-compshttp://www.biggerpockets.com/forums/12/topics/14794-what-do-you-use-for-online-comp-research-http://www.biggerpockets.com/forums/92/topics/68542-investway----anyone-used-using-this-service-for-compshttp://www.biggerpockets.com/renewsblog/2010/03/17/calculating-fixed-costs-flip-rehab-wholesale-real-estate-deal/http://www.biggerpockets.com/forums/93/topics/75142-trying-to-find-a-certain-topic-pertaining-to-pulling-comps

Arnie, sometimes assessed/property appraiser's value, while rarely accurate, can be used a a guide.

How do you accurately identify if an area is in a downturn or if an area is over valued?

Besides, it is hard to answer a question like this accurately without knowing some details, one of which is investment amount as answers would change dramatically with different investment amounts.

However I have been doing a lot of reading and learning since and this analysis is based off of that learning so I hope it's accurate.

Your CMA is more accurately 235k, and that puts Danny right on the mark.

Getting it to cash flow and getting an accurate estimate on the work needed is the problem.