I bought a quad last November which was fully rented with long term (3+ years) tenants who all want to stay as they see me as more proactive than their previous landlord.A few of the units look to have original kitchens (circa 1950's) but tile floors that were redone in the 90's (with some hideous grey pattern that reminds me of the set of the Golden Girls).

Jeff: Sue I see on the internet/direct mail advertisement you are offering a reduced rate for loan origination I was hoping I might eliminate them as I have been calling around and I was surprised some are.

As a result of the depreciation, the taxable income on your Form K1 will be reduced. 

In financing this is a distribution of debt reduction and use of funds issue.You're paying off debt with expensive current dollars while reducing the after tax interest expense of cheaper money.

My reasoning is that with a hands-off approach, you'll likely be using a property manager for most of the day-to-day, which can substantially reduce monthly cash flow.I might be off-base: Interested to see what other more experienced folks think.

I moved in to a house that had them and it REALLY reduced the number of fridges that I could choose from.

We have a group out of CA that purchases homes in a couple different areas and they are having a difficult time finding a pro-active PM company that is able to communicate in a timely manner.

We are considering refinancing our home to a fixed thirty yr. to reduce the monthly note.

The reduced expenses will help you save for the next one.

You'd do better increasing your deductible to reduce premiums vs. foregoing guaranteed replacement cost coverage.One last thought, settling a total loss claim for ACV will also be very time consuming.Rick