It helps tremendously.

It's called a paper loss because you are able to deduct it, but you haven't actually paid anything for it, i.e. issue a check for it in the current year.In the early 80's, with accelerated depreciation, I was able to deduct over $10,000 for each building I owned, which reduced my income taxes tremendously.

I would love to speak to anyone who's gone through financing, buying, renting, etc. any and all experience would be tremendously helpful.Thank you all in advance!

Sure the margins aren't as high, but I also hold a tremendous value on my time and the reality is that when you get into rehabbing and all that, you are trading your time for higher returns.

You'll learn a tremendous amount. 

I learned a tremendous amount from Roger.

The market will look tremendously different by that time.Is your land already zoned residential?

Septic systems on hillsides add a tremendous amount of cost.

I appreciate your input tremendously!

I appreciate it tremendously.