The one this morning  is just a discussion and owners won't be allowed to speak up.I'm mostly bummed because I was hoping for a 1000% return on that tent in my garage.  ;-)

The form is submitted with your current years returns and allows you to retroactively claim accelerated depreciation, usually giving you a huge chunk in the first year!

I was a “seasoned landlord” at the time, meaning 2yrs of LL on my tax returns, so I was credited 75% if current rents (they were all occupied) toward my income in the DTI requirements.

The properties are fully occupied and that has a great returns but a low evaluation.

I would expect only the same in return.

Its always better to get your principal back to go do another deal.I like to take a macro view and tally up all the deals/investments at the end of the year and see what the net profit/return is.That way you can average all your deals and you may also end up with an out-sized PROFIT house that averages out the small 5K profit you made on this one.Like Lebron James says, just try to get better at your craft every day..!

The bank will want to see you and your business partner(s) tax returns and personal financial statements. 

I'm located in California, and I'm looking to buy into remote properties since it seems that the return is much better than locally.

Still not a good deal (Cash Flow: -$16/mo, Cash-on-cash return: 0%)What if I lower my down payment? 

I'm wondering if I should be figuring that into my cash in cash return since I will need to bring it to close, but will eventually get some or all back on a sale?