Would love to hear others thoughts on this. 

What you'll have to prepare for as you build your portfolio- Learning how to manage them from afar.

I recently stumbled upon a 7-unit apartment building in Fulton, KY and I'm wondering if anyone on here has any thoughts regarding that market.

Since I'm new to this, I was wondering if it's possible to deduct all the money that we have put into it to get it prepared for rent?

Be sure to have all your books in order so you can maximize the value you get from your tax preparer/advisor.

Thanks for your thoughts and concise example lol.I am more so looking to create a bridge with the convo though and exercise knowledge showing that my plans for future growth are, relatively, safe and stable as time goes by.

PS: It is also possible that the seller is having 2nd thoughts on selling me the house 

However, after thinking about it, I would much rather sell it because I'm not able to get the rental amounts I originally thought and I would much rather buy 2 duplexes so I have less of a headache.

Hi Layne,I am not an investor, so my thoughts/opinions are likely to be much different than others will share.

I work with a lot of investors who target single family homes zoned RM1 with the thought to convert into small multi family properties.