@Marc DelgadoSince I provide CFO Outsourcing services to my clients (which includes book keeping) I wanted to weigh in here with my advice.

x 12 months: $7,488With Depreciation (lets take the 30 year, not worry about re-coup costs, and assume the value is all in the building and none in the land) ~3,333, add in the fact that you have a tax shelter (~$3,000) You've effectively made $15,000Pay off in 24 months: Now lets keep the math simple and pay off 1/2 of the remaining mortgage:  69,000 / 2 = $34,500 - $15,000 = -$19,000!

But we do keep this strategy in our back pocket. 

I'll take it and keep things slow and steady and get more experience under me.

who knows. that's why i keep telling this guy to find someone who knows what they're doing vs listening to guys like you and i arguing online. 

If it's possible still, it would be better for the grandmother to keep possession of the house and have the ownership transfer upon her death due to the step-up in basis the house would get.

Also, keep in mind that as the value of your property increases, your tax bill will increase as well.4.

Which syndication software is recommended to keep everything streamlined?

I have been cutting the grass and taking care of small outside items to keep it looking nice and keep the pests down.How can I go about trying to buy this home as an investment property.  

The amount of homes we need to keep up with normal demand on the construction end is staggering.