The suburbs will be higher taxes but generally better schools and higher income tenants.

This would allow you to put 3% down on FHA loan and rent out the others to offset, hopefully cover, your mortgage payment + taxes + insurance. 

Can I write off my real estate education costs on my taxes?   

Location is not an issue as most of them remotely assist RE clients with their tax planning and accounting. 

Townhome cost about $250/mo (mortgage, tax, insurance,) less. 

I have to bring my trust documents, my operating agreement, tax returns, the IRS EIN document. 

Do you have a current need for that cash flow generated from the tax savings?

Property taxes were too high.

Research rental comps in your target neighborhoods.Expense ratios: Repairs, vacancies, property taxes, insurance, property management fees, etc. can take a big chunk out of gross rents.

@Erika Caba I think if at the end of the year when you can evaluate the situation as a whole with everything taken into consideration and are looking at your tax returns if your goals have been accomplished with this building, whether it’s positive cash flow, off setting W-2 income, whatever, then I’d say it’s too early to throw in the towel.