Just curious with all the companies having cash calls and issues with their MF deals..

Sellers Info-Main interest: minimizing capital gains/taxes, preserving estate for his kids-SFH free and clear, no mortgage, purchased 30 years ago for ~$150k-Currently acting as landlord, very likely doesn’t want to continue in this capacity My info:-I want to cash flow the property now -I want to purchase the home now or in the future Property info-No tenant, rent comps $2600-2800-Current comps of $290k-320kI don’t know the sellers full financial picture.

Tax Benefits Once Built- Deduct depreciation and cost of maintaining the property - Deduct mortgage interest if a loan is taken outWhile I am not an accountant, I do not see where it would save you much, if any money at all.

You qualify as a Real Estate Professional (REP).Keep in mind that the big play is accelerated depreciation to lower your tax burden which in turn increases your cash flow for that year.

suggest you start with Dave Ramsey principals ... then move out from there.there is some big huge fallacy  that Real estate is going to let you quit your job and your going to have all this time for the kiddos etc.this will never happen in the short term with rental property.. you build a nice base for retirement in 30 plus years for sure.. but for short term replace your income and have all this free time you need to make transactional income with big hits.. your not going to get their with 200 to 300 a month cash flow on a levered up rental . 

You get all the benefits - cash flow, appreciation, tax advantages - without all the headaches.Anyway just my two cents, wish someone had introduced me to this format of investing alongside a group of other investors when I was first starting out. 

The only good wholesalers are running a big business with big marketing budgets and smart outreach, as well as actual cash of their own.

I realize that selling a cash flowing rental is open to criticism.

And how're they cash flowing compared to other parts of the Indy area that you manage?

Purchase price: $850,000 Cash invested: $15,000 Bought on owner financing on a 5 yr term.