@Karen Higgins Short answer: If you OR your husband are not a 'real estate professional' then unfortunately there is a limit to how much of the passive losses created by depreciation (accelerated or not) can be used to offset your 'active' income.

This will tell you how much additional tax your property created. 

I would be interested in seeing how I can help and possibly create a win-win situation let me know what your working on and how I can help thanks.

p...It's free and you may have to create a new account..Or this website for the state of Michigan: https://publicrecords.netronline.com/state/MI/And for Oakland county: https://www.oakgov.com/clerkrod/rod/Pages/landacce...Good luck...

The problem with that scenario is that I haven’t found a place that falls in our budget (aiming under 80k) that creates cash flow or at least breaks even with only one side rented.

So this creates kind of a circular reference but your tenant isn't being double charged. 

*None of this post is intended to create an attorney-client or CPA-client relationship. 

My primary goals is to create some passive income through rental properties, either single or multi family homes, to start building wealth to secure my financial future and stop working full time to have more time to pursue my passions and enjoy life with family and friends. 

I have set it up where I will be responsible for the title policy as it is my understanding that this creates the need for only one title policy in a double close and not two (of course need to confirm with title co) during a process like this.My questions are this: -What to watch out for when doing this, are there are any legal issues with marketing a short sale like this?

You may want to create an additional post requesting referrals from your fellow Boston Investors or wherever you plan on investing.