It was built in 1920 and each side has 2 beds (plus one bonus room) and 1 bath.

And very close to where I live, so that's a bonus!

I'm not saying it can't be done because it certainly can, especially with tax free deployments and bonus money.  

You can pay it back either according to the amortization schedule, or you can pay it all off at once, but you may not make irregular payments to it (something like getting your tax return back or getting a bonus).Now here's the super-double bonus.

Bonus depreciation however is available.Yes, your tools would be depreciable; Ryan,Offer a discount if they mow the lawn themselves.

By getting in now you can still get cash flow there, and eventually get the bonus appreciation as well.Wishing you great success!

Bonus - I no longer have to worry about people illegally dumping their trash on the land (contractors dumped a whole roof there once haha) or about other questionable activities going on there that the neighbors would tell me about. 

You could include some form of bonus it encourage energy conservation.The more you make it all inclusive - the more you'll face zero vacancies.

Any appreciation will be bonus.

Even with the bonus of proximity and decent cash flow, this deal is a dud at 185k.