Hello All,Other than taking advantage of the first time home buyers program, are there other strategies for decreasing closing costs that can be repeated for future deals?

Thinking though that decreasing monthly housing expense is the biggest benefit (where I live in Socal, im paying $1900/ mo in rent), so figure if I could get my payment down to $1,000 or less, that is the same as finding an investment that cashflows $900/mo.

@John VanharaBig picture...I would look at ways to decrease scope and/or value engineer (use cheaper yet acceptable materials).  

I ended up having to hand the property over to my money partners and project manage for free and filed bankruptcy in 2/20/2020... my credit score wont be over 670 for another 6 years. even though I've paid all my debts off minus existing mortgages, bought numerous cars and have incredibly healthy payment history. once my score hits 690-700 the credit beurres tank my score 30-100 points for random reasons like decrease in balances or automatic increase in card limits... lol the funniest one was when I paid my car off after 3 years and was my youngest account. my age of credit went up, but my score tanked 80 points... at 670 now so it'll probably go down next month for no reason...

Don’t over complicate the concept and focus on the goal of decreasing your expenses below what you would normally pay in rent.

When the bonus depreciation percentage decreases, the immediate tax savings will likely decrease as well.

I would focus more on building your skillset and maybe pick up a weekend job so you can earn and save more money.The retire by 30 crowd preaches save, save, save which is a GREAT muscle to build.

I've never heard of Section 8 DECREASING rents and I have Section 8 rentals in Ohio and California.

Buying a unit or units that already operate relatively well as a str with the plan of improving the looks of the units in order to decrease vacancy and up the nightly rate is a great way to add value and increase the cash flow.

Hi Kenya, My first initial thought is that it is reasonable if it decreases your monthly living expenses and allows you to save for another REI or other investments - especially if it cash flows once you move out.