In those cases, you’ll simply be hemorrhaging cash.Might make more sense to start with a condo or small house if you’re new to this or if you’re entering a new geographic area!

If they give you more than 30K, they can simply deduct the remaining amount from their lifetime gift exemption.

I think there's a bad habit of folks simply saying "evict, evict, evict" without really having the details of a situation, or fully understanding the painstaking process and fees which can be associated with evictions. 

There many mistakes an investor can make to lose money.The 2nd is a economic contraction causing a lose in value such that the investor cannot continue to hold the asset through the contraction.If your goal is to simply limit risk I would go with passively investing in a syndication.

Now, that being said, if I know they smoke I simply do not rent to them.

Or, simply put it this way, the homeowners are financially much stronger than last around and less sensitive to economic uncertainty. 

Next year, when those improvements can be added into the basis, can I simply add them as a new entity on the depreciation schedule (4562, Part III) with their own 27.5 year schedule?

They may have too many projects going on, it may not be in the area of town they like to do flips or own rentals, or simply it’s quicker to get in and out.  

But for this scenario, I have a partner with capital and can afford to invest in a market with more demand.Again, this pertains to rental properties of any kind, and the goal is to simply just make a positive NOI.

Also if anyone has any general prices as far as cost per sq foot in the Denver area that might be helpful as well, or simply any advice to a new wholesaler is greatly appriciated.