is just smoke and mirrors (you are deferring, at best), and no one ACTUALLY sits around at cocktail parties or social gatherings comparing their mortgage rates (most homeowners, 2 months after closing, have no idea in the world what their rate is, only their payment).

Assuming I have to pay 6% selling costs, and assuming i have to pay 2% carrying costs, and assuming i don't have to winterize the property, and assuming i don't have any property taxes i have to pay, and assuming i don't have any utilities and/or other liens, and assuming i don't have any material deferred maintenance, i have an effective net realizable potential recovery of $144M.

But if owned through an LLC the IRS defers to state law, which is why community property state comes into play. 

Often there is deferred maintenance as the last owners did not have the $ to pay their mortgage, so they likely did not maintain other things. 

(Buy in A/B areas)2) Owners who weren’t well capitalized / properties that had significant deferred maintenance.

Plan is to fill the two vacant units, fix the deferred maintenance, and improve the current units so we can double the value of the property in first 12 months.

In the case of multifamilies many are in disrepair due to deferred maintenance.

I just recently purchased my first property (an up/down duplex) and I'm excited to apply some of what I've learned through these channels. here's a rundown of the property followed by a few newbie questions:purchased for 95k @ 25% down, and negotiated a $5000 credit via check at closing for deferred maintenance items found in the inspection.

I think it is important to understand your needs, and find a practitioner that matches your needs AND knows when to defer to another specialist. 

Likewise, when you contribute to a tax-deferred plan, you essentially get a match from the government that equals your tax bracket.