Consult with a forensic cost segregation tax engineering specialist as the IRS states clearly that it requires one in order to meet the strictest of IRS guidelines.

Usually hard money lenders and private money lenders want to see experience and some skin in the game.

you get your 10k : i put in skin in the game by renovating it: WIN / WIN situation right? 

@Michael Travis parrish If you're creative and have thick skin there are still things to find but it won't be easy.

Many of those people that got foreclosed on had little to no skin in the game , no down payment.

As co-owners we are the best property managers because we have skin in the game (50% ownership in the home).I'm open to holes getting poked in this, tell me what I'm missing here, it seems like we could buy 15 homes within the next 1.5 to 2 years which could get us around $180k/year once stabilized.

The first is a pain mgmt specialist who just can't wait to get out of medicine Lol. 

Hi All,My name is George Mevawala & I specialize in Residential Sales, & Vacation rentals in the Greater Phoenix Metropolitan market. I have been actively involved in the Phoenix Real Estate market for several...

@Brittany Booker, real estate is great because there is so many ways to skin the cat.

Specialists tell me that I need to make updates to fit their area of expertise.