I welcome your thoughts and stories related to this, I think it warrants a good discussion.Very Respectfully,Tom

For the banks I previously mentioned, the LTVs they loan at on rental properties are 60% and 65% respectively. 

Not only you can reduce your tax liability now, but you can also use your retirement account to invest into assets that you understand and can control in a tax-deferred or tax-free environment (if you utilize Roth). 

Hey Bigger Pockets family, my name's Chuck, I have often come to you with questions and/or advice, and I have never been disappointed.What I'd like to ask is about buying rental properties......I have the opportunity to buy 3 homes (in pittsburgh; Beechview & Knoxville to be exact)......All of the properties are currently being rented out at $750, $1200 & $1350 a month respectively. 

I respectfully disagree with @Mel Griffin.

I respect your points of view but I don't think our ongoing discussion is helpful to others.

In the renovated units we've continued to land great new tenants that pay on time and respect the property, and existing tenants have been renewing their leases.

Respectfully,Kevin Orozco

Respectfully,Kevin Orozco

@Jeff L.With all do respect, I think some of the comments here are exactly why you should get council to help you set it up and operate it cleanly.