The arguement from years ago that Zillow depends on NAR listings is not supported by SEC filings.

@Joe DaikerThe Rollover as Business Startup what Mark mentions appropriate if you are looking to personally start a real estate development company and produce current income for yourself.If your goal is to achieve better tax-sheltered growth for your retirement savings by investing in what you know, a passive Solo 401k would be a different approach.  

That debt will be settled out of my own pocket after closing.The moral of the story is to find a competent attorney that understands what you are trying to be do, so that all of the proper documentation can be created and filed. 

My wife a I are buying our first rental property and I am trying to figure out how to file our taxes.

Descendent had a reverse mortgage and just a few more thousand above that in creditors debt, ( she filed herself to avoid admin fees and such).

In those 5 years, Subway has the right to use the space to produce revenue and profits.  

She filed something(sorry can't remember name) and still hasn't left premises.

Guys & Gals:  ANYONE producing seminars always has something to sell before you leave. 

The decision will be based upon your personal situation and your opportunity cost (i.e. to you have a better use for the amount of funds needed to bring your down payment from 10% to 20% that will produce a better {after tax} return than avoiding the mortgage insurance).If you are purchasing the property as a rental, then your mortgage interest is a business expense and it may make sense to take the high ratio mortgage (10% downpayment) provided the property still cash flows with the extra leverage.If you do elect to go with the 10% downpayment and plan to purchase two properties, discuss this with your mortgage broker / lender first to make certain you will be able to have two high-ratio mortgages.  

@David Dey I really like how you breakdown every aspect pertaining to those public files,and how you could filter the most serious and active cash buyers.