Definitely wish someone had targeted me with ads to help me learn how to use my VA loan benefits to make a side income!

Thank you for adding value. 

Robert Howard closing costs like your origination fee are added to the basis of the property and depreciated over 27.5 years assuming its residential.Not a tax professional, no tax advice given

@Wayne Brooks  and or for tax reasons.but I would wonder is it not financially feasible or just not something this guy wants to do.if it has market value buy it and resell it.. if its in an area like many markets were bare lots have zero or negative value since existing inventory can be bought for less than replacement cost then.. its a tough one if they are adding value to the price of the home.out our way extra lots are GOLD and highly sought after.

I understand your concerns and I see your point but if a man is making say ,double payments at that low interest rate, he is not doing himself a favor by putting his money to good use when that extra mortgage cost can be used toward the purchase of more properties which will Ultimately bring in more cash flow and will allow you to snowball quicker which, at your age is something you would need to do .

LOL  now they were keen on real estate no doubt and my talk was on everything BUT rentals as Rentals are talked about ad nauseum so I make a presentation on alternative investing in the real estate space which given my career I have done a lot of .. so it was fun.. and not a pitch fest I got no business from it I just enjoyed doing it meeting those sharp young folks and thinking man is this a great company to work for.. 

I have lived in Thailand, China, and South Korea, traveled to 36 countries and can cook authentic Thai food (extra spicy).

To an answer your question with added expenses, (vacancy, repairs/maintenance, capital expenses) that would the bring my monthly cash flow to 2k a month.Regarding repairs, the seller is not currently offering repairs.

The move-out is likely to go more quickly and more smoothly if the tenant isn't worried about the extra time and dollars involved when it comes to working with the confines of a lease.Good luck!

Good point, I didn't think about extra cleanup because of hazardous materials.