This is an advantage for those who do not want to be stuck with a property that they couldn't assign/sell off.

I work with a number of Real Estate Agents that want to take advantage of the REO market in Michigan & don't know how to get started.

What advantages would that bring if any?

A depreciation deduction is one of the major advantages of owning rental property.

I'm sure if you search for 'Google Adwords' in a search engine, you will get a ton of information regarding how to best utilize AdWords to your advantage.

The other wanted to take advantage of everything possible, up to the the point of harassing tenants on move out over a small scratch in the paint, even though the tenant was in there for five years.

Now they actually didn't make most of their money until the market picked back up in the early 90's, but they positioned themselves in the late 80's and when the cycle pulled out they rose to the top.Down cycles destroy most investors, but the ones that adapt and learn to take advantage of the cycle become multi-millionaires.

While you'd obviously like the property to go up in value, if it actually does shoot up there will be no way for you to take advantage of that fact until your long-term lease expires.

I am working with investors in Chicago on deals in Indy, I just closed on a few for investors and I have more contracts coming. market conditions are good for investors who may leverage current conditions to his/her advantage, its a buyers market, especially on new construction and that may open you up to some good deals.

Often when you tell them that you're an agent and you wanna buy they're place, they don't want to deal with you because they think you have some insider advantage, trying to take advantage of them, and they won't give you the same fair consideration many of times as they would just a private individual with no professional licensing.