This seems very incorrect to me as the property would be a capital asset with depreciation deductions taken over years, yet the agent insists that he is correct and that this is a common practice for RE pros.I trust the agent but just think he is ill-informed and/or missing further details regarding his proposal, though I am open to the possibility that I may be missing something as well.Can anyone shed any light to help bridge the gap here  ? 

As for the loan side of things yea I agree though if I can get it done with an FHA 203K I would say that would be optimal though perhaps not practical.

I have been going through the videos a lot and I will again probably another 10 times worth of practice lol I managed to mess up the BRRR calc 3 times before I got it right haha but were learnin here were learnin lol.

I'm running numbers to get some practice and I came across a property on Crexi that just doesn't add up for me.I'll lay out the numbers if anyone would care to chime in, maybe I'm just missing something.

I am working full time seeing patients in a dermatology practice along with doing the mom thing which is crazy with sports and homework etc.

Others have a high-risk tolerance and are anxious to get started but have absolutely no ability to live frugally, save carefully, or practice any form of delayed gratification.

(Not legal advice)Excellent post, good information there.I practice in Indiana, so the below may not be relevant/correct for other jurisdictions.Some additional caveats/tips I would add:- if you have a bankruptcy filer filing multiple bankruptcies to stave off a foreclosure sale, especially after the second/third bankruptcy filing within a year, and you attempt to seek In Rem relief, it is a good idea to get a certified copy of the Order for Relief and record it with the county.

@Sam Silton Try and abide by fair housing laws just for good practice, but when it comes to finding roommates youre able to make it a little more personal.

Do you guys think this is a good practice to continue or should I call the water company and get another meter ASAP? 

It's an awesome introductory book to encourage sound financial practices as people start to make additional money.