I don't care how good your CF is, you are not going to drive the IRR strictly on CF - Bob knows this, and this is what I think his argument is.Now - with this being so, in the apartment space appreciation is a function of value-add.

Complete and total amateur hour.I should write more about this... 

Tax write-off blah blah is a lot of gobbledygoop that should not really be your reason for investing - especially when other properties might be able to be bought that result in such good returns that you shouldn't mind paying EXTRA Taxes!

Thankfully the company I work for has a legal department to write them up. 

Use the key word function to be informed of topics of interest.  

Has most Self-Employed people do, we don't show a big Profit Tax Return if the write offs are there. 

To add to Jeffrey Breglio's post,Make sure you have the sellers acknowledge in writing that you do not represent them.  

Anyone have any experience with something similar is welcome to share, or just any thoughts in general are welcome.Excuse the gramer, I am writing this on my phone.

Write a strong lease and screen your tenants.

If you are in the 30% tax bracket then for every $1,000 of deductible expenses, you will be able to write off $300 on your taxes.