This is why it is first and foremost critical to understand the costs of owning a note.Things like legal fees, servicing, and insurance are all getting more expensive.

In my case it involves a lot of expensive equipment, knowledge of flambient photography, a mastering of Photoshop, and a lot of patience for processing multiple exposures plus flash for a single finished photo.

Is the remaining 2/5 of the total paid toward discount points a deductible expense at that point, or will that portion never be deductible?

Possibly, if you are in a very expensive market, you might be able to add value to a property with a window AC, but in most markets, window units are going to cap your rent growth potential.

If it is in an area with a bunch of expensive permits and replacement costs, no way I'd pass on inspection.Clint

I would also note that you should assess your savings, income stability, and ability to manage expenses as that plays a factor.

Once the home is under the LLC Ownership, am I able to deduct expenses/mortgage interest payments from my own personal W2? 

Hey there,What’s the average cost to create an HOA for a client as well as to draft CC&Rs/Bylaws?

.- Document everything (receipts for taxes, all the work that you did yourself via photos and video, and your expenses in an excel sheet to make sure you're on track.

and are they expensive?