Code enforcement relays that it is in the hands of the judge now, though it is worth mentioning that my friend has retained the services of an architect and is moving forward with plans to bring the property up to code.  

"As of 2011, there were 883 MLSs in the US" (1).Google turned up a few things:1: https://en.wikipedia.org/wiki/Multiple_listing_ser...2: https://www.nar.realtor/IRPF.nsf/pages/ProgramElem...3: http://realtybiznews.com/the-history-of-the-multiple-listing-service-and-the-future-of-american-real-estate/98745195/

However, if you are a long ways from public transit, shopping, and restaurants, the unit will rent for far less and be less desirable for investment purchasing.

@Paul K.I would advise on the following1) NOLO's "every landlord's tax deduction guide2) BP's The Book on Tax Strategies for the Savvy Real Estate Investor3) IRS Publications on depreciation, rental properties etc

Actually, I ran the report again with 20% down and got a negative cash flow and CoC because I have to service the debt.

If that is the case, then mortgage interest on a note is passive and not subject to UBIT.UBIT applies when a tax-exempt entity engages in a trade or business on a regular or repeated basis.Passive income not subject to UBIT includes royalties, dividends, interest, rent from real property and gains on the sale of an asset that has been held to produce such passive income.Trade or business subject to UBIT generally consists of services or buy/sell transactions. 

I'd love to offer help in any way I can be of service.

Hi Nicole, have you thought of using a fixed fee accounting service that uses automation and their own workforce to take the daily tasks off your plate? 

I've started a side hustle as a notary public to earn extra cash.

Looking for cloud based site that can handle ledger card management, late payment notIfIcatIons, reporting etc for a small number of mortgages we may be servicing for an attorney.