But hey, remember, I'm no legal expert, so it's always smart to double-check with someone who knows the ins and outs of property law in your area.

You will only see what you want to see (good deal) and not what you should see (the basement, the issues, the block values).

Plus, that could cause issues down the road between tenant or between you and the tenants.

I can’t be the 1st person on the planet to have this issue… I offered to provide the tax returns since the property purchases in 2017 in an attempt to recreate.

My issue with that request is that if I convert the house to a long term, I'd lose at least $600/month of income vs the mid term model I currently have.All that said, my DTI sits at 58% with the models they use.

She also issued a multi-page memo when form 3115 (repairs vs capital expenditures) came into effect explaining the ramifications to real estate investors, and whether and how they should file the form (All this was included because you were her client, and she files the form for you.) 

Will you have the time, resources, and mental commitment to dealing with tenant issues, maintenance, and other unexpected challenges that arise with property ownership?

Here is a link that explains it pretty well too. http://www.nolo.com/legal-encyclopedia/tax-benefit...Dan Dietz

Plus there are several restaurants right in the lake and multiple marinas.Just make sure you buy on good water because it can fluctuate more than Keowee, but this has never been an issue for us.

However, the issue for me is after doing my numbers he'd still need to be way lower than $175k.