Tenants pay all utilities and taxes are 1833. 50% rule says NOI is 24,720.

This site rules!

Anything unethical or against the unspoken rules of investing with this strategy?

These are more questions determine if you would even benefit from depreciation due to the passive loss rules.

Know the market, how to value properties, what the rules are and financing issues....then go for it!

I am just following their rules.

I decided to rule out #2 - it was too much of headache.

We purchase properties on the fly, fast closings & do not need to have anything approved by a 3rd party.We generally do LTO or just sell after rehab to buyers we already have lined up.We adhere strictly to arms length/no hint of a prohibited xaction rules.

An Ma, I don't know you at all, so I don't mean to imply that this automatically applies to you.It's the old 80/20 rule A structured program like An Ma describes sounds great in theory, but I think, based on past experience, that the better way to learn is to find someone local to work for.

I own a vacation home about an 100 miles away from my primary and that was a hard rule I stuck by.