I even mark paragraphs that pertain to specific subjects, like repairs and inspections, disclosures, HOAs, and contingency removals.Flavia Brown, Los Angeles County. homesbyflavia.com

Hello, hope you are healthy and safe.I'm very aware of section (s.) 212.02(12), Florida Statutes (F.S.) which states ALL money collected from a tenant in a Commercial Property is considered rent and as such it's subjected to Sales Tax (5.5% + 1% Miami-Dade).I have a BIG objection with this statue.

@Jonathan SantiagoThe tax difference between capital gain vs ordinary income is HUGE.Capital gain - Preferential tax rates if long term at federal level, subject to regular tax at state levelOrdinary income - taxed at marginal tax rates at federal level + Self employment taxes + state taxesIntent is what differentiates between a real estate sold being subject to capital gain treatment vs ordinary income.

@Benjamin Papet, as Mark mentioned, you typically only have 1 mortgage on the property at a time, so as he outlined, you will have invested $50k in cash, but then refi and pull out $32.5k to use how you with.In your example, you will want to look for properties that say cost $100k and take $30k to get to about $175k-185k in value. 75% of $180k, for example, is a mortgage of $135k, of which $80k pays off acquisition mortgage and you have $55k left over to find another deal like your first, and you can repeat in definitely.There are another few factors to consider: debt service coverage: the ratio of your net income to mortgage payments. 

Blanket statements about S8 being all good/bad is oversimplifying the issue: it’s simply another means of tenants’ paying their rent and should be considered independent of the formal, written rental qualification standards every landlord/PM should have outlined well before they start showing rental units. 

I told him I am reading books and going on forums about the subject.

I’m planning on following the steps you outlined above.

The Pub refers to the "true" depreciation recapture, i.e. depreciation taken over the straight-line method which does not exist anymore except for very old properties.What we casually call "depreciation recapture" is properly called "unrecaptured Sec 1250 gain" which is straight-line and not subject to that rule.

i think your question should be.....best way to "Control" a property......there will be a lot of bankruptcies etc....people looking to get out of their house immediately......which equates to perfect time for subject to....lease option etc......all kinds of creative ways to purchase or control a property

However, I am 100% pushing my teenage children to attend college and focus on subject related to RE and Finance, and after I will if necessary guide them accordingly.