Can you explain how you say this based on the IRS publication above?  

You are right "real estate goes up", but I'm not going to decide if a deal is good or not based on that general sentiment.

Lenders won't allow someone who got a deal for under market value and did little to no work to cash out based on appraised value.

Every tenant is different, how would you know how much insurance they would want or do you just do a "base" amount so they have basic coverage ?

@Whitney LaresI am also based in California and invest out of state in Jacksonville FL. 

I am a Brazilian Realtor based in Raleigh North Carolina I am also licensed in Massachusetts and wanted to give a shout out to everyone on here in the BiggerPockets community and see If I can network and chat with you all!

My offer is usually based on his original estimate of the cost of repairs.

Hi Maria, I'm based in central CT.

Sounds like you have a great base for real estate investing! 

- Based on your experience, what should we expect for maintenance expenses?