But if the community can somehow help me reduce either the purchase price or the repair cost... then I'd be happy to invest my money.

If you are truly running a business then....If you purchase a new computer, with the latest window operating system, you will not be able to install QuickBooks software prior to 2016 (I think).Last food for thought, as new software are added, the use of new functionality reduces manpower, time and money.

To use RentJungle, I put in a the location of the property and a range of posssible rents, then looked for comparable rentals.To get a better future estimate for the property, I went back and changed a few of the inputs:Renting all five units at $650 per month, and including property management, this property would get a relatively decent amount of cash flow.Conclusion: Value add opportunities such as fixing up the fifth unit, increasing rent to just below market value, and reducing utilities fees might make this property worth purchasing.What else do you take into account when evaluating a property?

Many county's are actually REDUCING Millage rates, as property values have risen so drastically that their coffers are full beyond any previous records...Can You beleive Government NOT being "greedy"..they can't SPEND any more!

However, I do think it's a slower game as the leg work required to compile and update the data can be time consuming which reduces output.

Their net loss was $29,319Turbo Tax separated the two and both had net losses.My AGI was low enough to allow up to $21,805 in deduction, but…The rental homes loss was less than the passive-passive loss so it was used to compare to the $21805 to reduce income by the lower value of $11,454 which was placed on the 1040Part III goes on to calculate “Total Losses Allowed”It sums the net income of the active and passive, passive activities on Line 10Then Line 10 adds this to Line 9 which was the overall net of only the smaller active passive loss.

You have to realize that that will significantly reduce your tenant pool an probably increase your vacancy rate.

House hacking can reduce or eliminate your housing cost if done correctly. 

If this house is for you to live in, will it reduce your living expenses compared to renting?

You need to pay back a tax on that break we gave you then since you actually didn't have something reducing in value.