Oh yea, deduct your expenses such as loan serving fees, BPO/CMA, special servicers fees, O&E reports, attorney fees, code enforcement liens, forced placed insurance, unpaid taxes, repairs, then you get ROI.Consider these steps to being a note investor1.

Maybe consider a different scenario more akin to the P/E plays out there.  

Pretty standard apartment inside and out.Rent in the area according to rentometer for single beds is $640 so it's on the low side and with the old original appliances and cabinets and stuff, has upside potential.I was thinking of offering 380k to start and subject to financing, with inspection contingency, request a schedule e (he showed us numbers from his accounting software already but to be safe of course,) and estoppel certifs.Income 52kExp 14kNOI 58k~Rents- 525-575My broker said he'd go 390k max but he said he thinks it would be a good buy to hold for cashflow and rehab units for higher rent. 

We don't need any expensive gurus or classes, we have the most powerful platform in the world.

Recently attended a great seminar hosted by the #1 commercial real estate platform in the country.

I spent an hour with a CPA who was able to give me good advise but unable to comment on correctness with out spending many hours feeding my data into their own software.In 2017 I plan a 1031 exchange into DST's which I anticipate several Schedule E's and supplied Cost Segregation Analysis information with multiple depreciation schedules starting each tax year.Anyone with experience with these issues?

@Bob E. - Thank you for your detailed answer.

I'm working on my Schedule E for last year.

Contact @Ken Rishel on the BP Mobile Home platform.

E.