Most importantly thanks for sharing those much needed action items.

From there, it really depends on the Capex and repair items.  

**Moving Forward**I've been saving then buying.I figure between the 4 rented units and the fact that i *agressively*  save at my W2 job.I could recoup the 25% downpayment in about a year.. and repeat. ( similarly priced duplex)While inventory of such is low around here, I'd LIKE to get into  a decent 4-flat..at that point i'd likely move into it to take advantage of owner/occ items..specifically < 25% down..WHAT should i be looking for as i grow my portfolio?

You also have have to be careful of title junk fee's they exist and it may make some title companies angry but they charge for some unfavorable line item fee's. 

Below are a list of items I ran into that hopefully you can skip:Bought a Frankenstein triplex (wires, plumbing, venting, all crossed multiple units) - Any time I had a repair it usually effected multiple units and drywall/paint/flooring had to be replaced.Utility Companies - I was charged $3k in one month for a sewer bill.

Guess who wins that argument.In the case of you carrying back a mortgage and being the bank, the note and the cash are both considered  proceeds of the sale. 

He understands its a learning experience on both sides, so these posts give me to items to learn more about, such as wholesale properties and the process.

PM fees are percentage based, and on gross.Capex needs to be assessed on a deal by deal, item by item, basis.  

Ogle has furnishings, decor, rugs, etc.That said, I typically outfit the furnishings in my properties with more expensive things than Ogle typically carries.  

Hey all,I have been doing some learning about tax implications for owning rental properties and I had a question.Its my understanding that you can carry over net operating losses from year to year basically indefinitely until you sell one day and can write them off of your capital gains.I also understand that if you purchase an asset for your rental, say a refrigerator, you have the choice to either deduct the full amount for that tax year, or depreciate the refrigerator over a certain amount of years and take the deduction divided up between those years.My question is why would it ever be advantageous to depreciate an asset rather than simply deduct it for the current year, even if you are already operating at a loss, if those losses will just carry over indefinitely?