Then if your MAGI (Modified Adjusted Gross Income) is greater than $150,000, then you can't deduct the SchE losses against that income.

@Helen Yang,Most owners of smaller to midsize complexes in Albuquerque pay for water/sewer and trashIt usually runs $45-50/unit/month

The podcast was #29: http://www.biggerpockets.com/renewsblog/2013/08/01/bp-podcast-029-peer-to-peer-fix-hold-dawn/ @Yang Xiao It was 174500, 3080 sq ft, rent ready with window treatments, towel holders, and landscaping.

As a self employed person, start a solo-401k - reduce your AGI by doing massive profit sharing contriubtions 25% of salary, plus deferring another 17,000 - you can knock 25,000 + 17,000 = 42,000 off a 100,000 salary that way.I'm not an accountant, I'm pretty sure both of these reduce your MAGI, I'm more confident that the profit sharing contribution does so.Do you do project work?

@Yang Xiao downtown apartment building is booming.

Over the years I've talked to thousands of investors... that bought and held when they started.. leveraged out the ying yang... when they started...I did too...

@Yang Zhang and @Vera Herlihy are two people who I know have worked with them. 

@Wei Jie Yang love working with you as well sir!

I'm going to be the Yang to @Theresa Harris' Ying.When you make any deal, you should have your exit strategy(ies) sketched out when the offer to purchase is submitted.  

@Frank Yang, thanks for the words of caution!