However, high wage earners that can't take passive losses against their regular income can save those unused losses to use against depreciation recapture and capital gains to greatly reduce or eliminate taxes AND step up their basis by avoiding 1031 exchange.

At 500k at 50 units you are looking at 10,000 a door going in.Those types or properties at that price point are almost for sure going to have deferred maintenance and occupancy issues and a regular bank/lender won't touch them.

LOL)Be careful on the section 8 payments.They might be high now but can have a readjustment monthly rate for the area come down the pike.I have seen this happen in a few areas.In those cases the section 8 tenants can never make up the difference so the landlords get them out to rent to regular tenants at market rate.If section 8 payout is at market rate or higher it is good but if below you have to have a real low basis in the property to rent out and make any money.

Mike Jakobczak - Thanks for the comments, I will definitely post updates either way!

OK..quick update...Ford found 2 connectors that need to be replaced on the AC harness...so...the Excursion is no longer for sale....meanwhile, I'll still post how I work with agents/brokers.

Please do that and let us know if you have other questions or updates on this deal.

I would need to get something similar.Since I don't have a regular job where I'm on salary, and I am a business owner, it's pretty tough for me to qualify for financing.

Looks like there was a private mortgage-( just regular guy's name for the deed of trust in 2008.)

Steve Job's lived in a modest house, in a regular neighborhood -- no gates or anything.

Then click "Update" on the Profile Image screen.