We have the largest medical Center in the world here.   

Is there an opportunity to reduce expenses?

I am a medical assistant and make decent money and have great benefits but would love to improve my cash flow and create strong equity as I have little to none at the momentI am currently looking at a few multi family homes but in the issue of figuring out how to finance it as I dont have the substantial down that most are looking for and my credit score is not great (but i am working on that and should be much stronger within the year)cant wait to chat with you guys!

I'm also pretty handy and feel I can leverage my time to reduce expenses.The commercial condo seems relatively stable in terms of expenses.  

That option fee will be applied to reduce the purchase price. 

In addition to this, the federal reserve has been telegraphing their desire to start reducing their massive $4.5 trillion balance sheet assets of treasury bonds and mortgage backed securities as soon as this year.

Second, you will likely find that a major CapEx item can substantially reduce your returns.

I would lower medical payments to 1k since it only applies to family members, assuming that you have health insurance and don't plan to actively hurt yourself in your own home.

If she lives there for another year she said that will significantly reduce her tax hit.

However, assuming that this correction, going back, would allow him to reduce his taxable income from his Schedule Es and, consequently, taxable income on the 1040s over the years - would he be able to correct those returns on this basis going back that far (he mentioned 14 years)?