I'm looking to purchase my first rental property and have been searching for a deal that would generate positive cash flow based on my projections.

I see you are located in Royal Oak, that is the area we've actually been looking at as I'll be based in Warren at the Arsenal. 

The reason you would hire a licensed professional is to assist with you not gettting SCAMMED and help you with negotiating prices and terms...based upon State Law. 

Hey jason, a lot of investors based in markets like California and New York are choosing to purchase their investments OOS in the Midwest because of the affordability and numbers making more sense.

Just like you wouldn't buy a stock without researching the company, you shouldn't buy a property without knowing the market, running the numbers, and understanding your tenant base.👀 Risk ManagementBoth investments require risk management:Stocks: Company performance, market conditions, economic factorsReal estate: Property maintenance, tenant quality, local market changesBut guess what?

Hi BiggerPockets Community,My name is Yael Doron, and my husband, Ido, and I are real estate investors based in Israel.

Based on your experience, would you agree with that claim?

So, here are the basics based on my market, which is AZ.  

Make sure to run your numbers conservatively and based on the current as is value if you plan to go this route. 

Quote from @Michael Overall:I understand the utilities will go to basis, on the interest is it able to be yearly deducted based off the conversation you referenced if using form 4952According to one of my colleagues on that thread - yes.According to court - no.