Don't leave income on the table just because you will be taxed on it.3) Most real estate expenses are deductible in the year you pay them, especially if the benefit is immediate (like a utility payment or property tax).4) Some expenses are prorated through the life of the improvement, such as depreciable buildings and roof repairs.

Youa welcome to biggerpockets#Askbp is located under the " learn " table congrats

What you said makes a lot of sense.So what is your suggestion to new guys that want to get into the commercial RE game?

Would love to partner with someone but I don't have much to bring to the table yet besides a heads up on this deal.

However, I am struggling to figure out the best approach for financing, if I do not have all the capital traditionally required for a down payment.If I decide to go with a lender, am I really going to have to come to the table with at least 20-25% down?

The three closest rental properties are LISTED at GRMs of 9.2, 8, and 5.4 (all fourplexes).It's tough being in this game without having your license.

Hey everyone I just "got in the game" so to speak.

What if both parties bring funding to the table, how are you splitting the profits at that point?

First you want to have an end game.

(I'm in a medical profession with plenty of school loans to pay back) I'm going to try this game out and see how far it gets me.