My goal is to have $4-5,000 net income per month (Taking a 2K loss now and then is ok), if I had 6-7 extra property A’s or C’s (As listed above) I can surely meet this goal, but I would rather concentrate on larger consolidated returns and calculate a pathway to long term support.

Either way, as long as they are legitimate expenses related to your locating, purchase, maintaining your investment properties you can write them off.

I am just trying to find out if there is any way I can legally get that money back by charging through rent or something else, or if I am just going to have to suck it up and live with losing the money.I did not have utilities set up to turn off because I cannot turn off the water and electric- I have a pool and pay a company to maintain it weekly, they need water and electric to do that.Which leaves only gas and the gas company in that town has a history of screwing things up and being difficult, which is hard to deal with from across the country, so I just figured I would leave it to help the tenants and me.

Heroin addicts commit all sorts of crime to maintain their habit.  

Now, if you want to achieve that in 5 years, you need to acquire 5 units per year.wow - 20-40 properties to manage sounds like an aweful pain in the rear.I have a LOT more than that and I manage and maintain all the properties myself in 12-16 hours per week.

The bank will always maintain first position.

What you really should be buying is an advisor who is up on the current rules and regulations.Depending on the state there can be a high annual charges to maintain the entity.

the correct way to do it is to get an environmental company out and test for whatever kind of mold you have and its concentration.

In my experience people who concentrate on the "write offs" have never been in business for themselves.I used to look at my $400 month phone bill, $700/month hotel, 50,000 miles a year on a car (killer of profit for people who think the "write off" is a good idea), and worry a lot more about reducing the expenses than about the tax write off.I'd rather have the income and pay the taxes.Again you're buying quarters for a dollar apiece, terrible purchase!

That is an alternative to you maintaining the present 1st and wrapping it with a loan to them.There are many options.