Debt-financed rental income generates taxable UDFI.BTW, notes are also a great option for diversifying tax-sheltered retirement savings into a more stable asset class than equities. 

I am curious . in older mid west towns the condos are downtown walk to work and all the good resturants.. much of the D and F class is also urban core and will surround the down town areas or be pockets.. so yes you can have downtown hip and 1 mile away the HOOD.. just look at any Morris invest stuff he sold in INdy..  

Soak up all the free information from the articles, blogs, and podcasts. 2) Join your local real estate investors club and network with local investors and real estate professionals in your area.3) Interact with the experienced investors on here and pick their brains.Once you get a deal brewing, bring the deal here so the experienced ones can help you close it correctly.You are on the right track.

I would just pick something that doesn’t have any fees as long as you maintain a certain balance.

I work over nights so I got about 10 hours of podcasts 6-7 days a week to work with ANY suggestions would be great as I am starting to run low I feel my first property IF I can cut any risk out via making huge dp, or picking the minds of people that have been there and done it so to speak will put me miles ahead of the guy that just takes about it:) sooner or latter the right deal will fall into my lap and I will run with it P.S.

I’ve read horror stories online but also know there are some really great property managers out there.

Does anyone have tips on how best to find the good ones outside of Yelp reviews? What do you ask in the intervie...

Developers have been picking up and I believe the median price for homes dipped a few thousand dollars for the first time in years (from $424,000 to $415,000). 

It depends on the class of the complex and how competent the management company is.

It's not worth the grief and the resulting errors.When you use tax software, you will simply pick up a type of asset from the drop-down list (for example "residential real property") - and the software will complete 4562 for you the right way, as well as carry it to all other connected forms.

Then you have to take the next class for several $1,000.