View report*This link comes directly from our calculators, based on information input by the member who posted.I own six doors now.

@Adam Nishikawa Should be able to shed some light on this for you.

Hey everyone, I'm about to send out my first direct mail campaign for small apartments around the Atlanta area (targeting 5-16 units).

If so, is this something that a third party servicer could do at my direction?

Therefore, you can deduct items that are directly related(repairs) to the rental units plus items paid indirectly for the rental units(think real estate taxes, interest, insurance).in addition - it looks like you are looking to use parts of the personal residence as a home office.Just note that, it would be hard to prove that you use 100% of the personal residence as a home office. 

He will be selling the properties to me for about 35k each and they will rent for anywhere from $600 to $800 a month on a 12-15 year note with the bank.With his knowledge and history in this market I feel that my mentor is steering me on the right direction and not setting me up for failure.

They tell me it needs light rehab of about $15,000...when in reality in needs $30,000.

Whether that be helping with rehab, direct mail, searching for properties, etc.

It appears to be a good cash flowing deal but comps are nonexistent because it's grandfathered into a single family area and as such I couldn't get any buyers to see "the light" without a solid ARV.

Did you know that you can use that and/or a Self Directed IRA to invest DIRECTLY in real estate?