E.G. if my corporation has $500k in revenue and $500k in expenses (without me taking a paycheck), my understanding is that the IRS wants to make sure I'm not putting personal expenses onto the corporation (which I'm not).

You can also still find inexpensive homes down S Blvd. close to the light rail.

By partnering with a seasoned investor you can capitalize on their experience and knowledge in a very inexpensive way.

No situation is the same, however umbrella policies are a fairly inexpensive policy for the amount of coverage you receive in return.For most people the $1 million - $5 million umbrella option makes sense.  

People still want to find inexpensive places to live.  

The taxes and assessment are about 400, if there are any other fees or management costs it may be at best a break-even deal, because I see 850-900 in expenses right now without digging. 

You also have to subtract closing costs from the $60,000 figure, I forgot about those but between the sale and the loan closing costs, appraisal inspection and survey fees, that's a few thousand dollars in expenses too.

Many "investors" buy properties with GRMs of around 200 (200*$1600 = $320K) in expensive areas and hope for appreciation.  

They're inexpensive and worth doing to mitigate a potentially large downside.

Why not get in on the ground floor while properties there are still relatively inexpensive?