Was he motivated - was it a distressed property in need of some rehab?

Examples of passive income* Invest in ATM machines - I get income every month, after 8 years my capital is gone so I get Long term capital loss after 8 years.

It may depend on how you report (file separate or joint), but I wouldn't be surprised to see no savings because the income and expenses wash out.

Might be eating vending machine snacks for lunch in the managers office.....might be becoming an expert at where to find and install shark bites yourself when pipes freeze.Take all this as motivation....to do what others can'tGood luck and best wishes.

I haven't done the math, but a 50k deduction might save me 18k in taxes, which would make this deal a wash. basically it's lemons into lemonade, but without any sugar.

I am trying to figure out a better way to determine rental rates on a property when i am running numbers, lately i had been using rentometer and it would lockup after 10 tries, but someone mentioned if you went into incognito mode on chrome that it wouldn't know who you were and allow you to run 10 more, exit out of browser, go back into incognito mode again and get 10 more.. wash and repeat..Well.... as of a few days ago, this little trick stop working for some reason, so i have been trying to figure out a better way to judge these prices.. 

If you think you will be a little more active, pay for a service like PropStream or Deal Machine, that have near MLS data.   

This is a washing machine.

It's a wash, financially speaking.

If it doesn't work out, you can wash your hands of the property pretty quickly and still make your wholesale fee.