But i don't want to wait years, i want to get in as soon possible and what i failed to say last time is that if i was looking to buy into a property with the aim of either living in it for a few months while doing it up, or simply working on it weekends and week nights what are there realistic mortgages that allows me to do this without the 10% down (sliding scale so small payments for first few years).

see what they've done and how much it has cost.i'm sure you're looking because you see some value in it - improvements of the structure and subsequent revenue increases, but with those older buildings you really have to pay attention to the finer points that could land you with big expenses that don't necessarily improve your revenues - i.e. asbestos removal.

But if I can get my taxes down by at least half, I'll get a major ROI on my investment the first year, not counting all subsequent years, so I feel it's worth it.Hope that helps.MichaelBP Blog Contributor

The $12k is written off (per 179) & the balance of the vehicle $8k, was subsequently depreciated.

I use a sliding scale, 75% for properties worth less than $150K, 78% for properties worth $150-200K, and 80% over $200K.

Sean Breslin, EVP at Avalon Bay (one of the large apartment REITS) who was also on the call said that one dynamic that they really look at when selecting markets is job growth vs. new supply and sure enough M&M Research had a slide on that too: The rule of thumb that you hear from the institutional guys is that on average it takes about 5 new jobs to fill a new unit.

Obviously, over time, the property should slide solidly over to the preferred side on both of these.

Living in northern Indiana I know that I was told by a realtor that, even though our downstairs bedroom(house built in 1961 loooooonnng before egress window codes were created) did not have "legal" egress windows, because there were 2 other 'means of exit' to the room (via the laundry which does have a large enough window and the LR is accessed through the bedroom, and through the door to the family room which has both a sliding glass door AND an egress window we could still list it as a 4th bedroom when we sell.

Slightly bigger strategy slide attached...

I currently have one SFR here in Cheyenne, joined BP after I bought that, and subsequently learned so much about SFR investing, as well as other avenues of investing that I never knew existed.