THE MISTAKE however is that most people think that it just means finding something that is easily seen at face value.. for example most think that it's as easy as seeing a 3BD/2BA listed at $200K where every other 3BD/2BA is $300K, so that's what they keep looking for... it's rarely ever that easy and if it was.. you whould have tons of competition if it even stayed on the market at all!

I’ll attach a link to a page that describes this in detail as there’s some things to note. https://www.realtymogul.com/knowledge-center/article/what-is...3) who’s your ideal tenant?

I learn best when I have an open line to an expert who’s willing to share knowledge with me (and who doesn’t find my endless questions annoying!).

Ontop of all that I  have gained a lot of knowledge (boatloads more available to learn) and friends some I hope to do lots of deals with as we grow  friendships too. 

Im thinking about pulling the plug but I wanted to get some insight since I already put down some earnest money and I have to stay around a certain price point.

We've been met with a few hurdles; one being staying on budget.

We asked one tenant to leave (5 pets--we told them they could stay if they found homes for the pets, as it is a no pet building), and we had it rented by the time they moved out. 

I asked my CPA about bonus depreciation and doing a Cost Seg study on the property so I could get the 80% bonus depreciation but this is what she said: “Note that I don’t do that kind of work because it requires engineering knowledge that I don’t have.

All you need to do is bring your closing documents and show that you weren’t the owner at the time of the complaint and you have no knowledge of what was going on then.

Looking forward to using the knowledge here to build on what I have been taught.