You can buy a single family or duplex here in Indianapolis and using these new Section8 voucher amounts, rentals here in Indianapolis are fantastic investments! 

He owns his own business and writes off a significant amount.

Depending on the interest rate and loan amount (eg $330K at 6.5% after 7 years you'd have paid about $40K off the principal and $120K in interest).

I guess my question is how much should our experience be valued at and should we just have a low amount of equity and charge a monthly management fee? 

Im starting my fix/flip business and am having a terrible time on the MLS, so I am looking for wholesalers to build a relationship with and get deals that way.

Its in the 34652 zip code and has been fixed up by the turn key provider so there should be no additional expenses. 

With the amount of fraud out there, you cannot be surprised that everyone is checking IDs like crazy.I have a good friend that just moved into a new house and the City Water Dept wanted every form of ID you could imagine.....including his SS #.

However, I accumulate a good amount of passive activity losses from rental properties. 

I was told by one broker today that I wouldn’t qualify for over a certain amount on a property because first time buyers with no landlord experience cannot use the rental income from the properties towards their qualification.

If the damage amount is low you may want to move on and write it off.