A nice house can easily generate 5-7k @Brent Coombs

And you will generate tax free income from the note (except for the interest portion).

I see you are from Illinois and here is a link to their state website explaining that the property tax exemption is only on the primary residence:https://www2.illinois.gov/veterans/benefits/pages/real-estate.aspxHere is a breakdown of these laws by state:https://www.hadit.com/disabled-veterans-property-tax-exemptions-state/Thank you sincerely for your service to our country!

HI Ben there is a website is call Diedinhouse.com it give the history of the property you have to pay for the report i personally never tried that's  the information i have i hope it helps you and good luck

I have seen on this website answers both ways regarding this (the site administrator saying leave it in Sch A, and his colleague (also a enrolled agent) advising that it can be written off in Sch E, but that there are certain restrictions mainly -- you must have passive activity gains where the deductions are covered (no passive activity loss carry over allowed.

There are a number of ways to justify your claim, but one of the most effective I've found is to look up similar build and size houses near your property and then look up their tax assessment's on the county website. 

I am thinking of using that for a 20% down to generate some positive cash flow. 

Hello guys, what a good website to invest in notes?

Most importantly always hire a 3rd party inspector no matter where you buy it from, MLS, Craigslist, Youtube, Turnkey website, Here on Bigger Pockets etc.......

The seller looks on websites like Zillow and sees there home is worth $380k.