You said: "This seems like an odd strategy - purposefully invest in an asset that loses value, with the hope that it will regain value to save a little on taxes... 

I’ve received multiple quotes from insurance companies (mainly I would obtain the quotes myself).

Quote from @Harrison Jones: Quote from @JD Martin: OK, so after reading your post, my main and only thought was:Why?

Basically its a big credit card that I can now use for any business related purpose, in my case Ill use it to do more deals.So here is where the 8 unit comes into play.

You should run the computational both ways and think about its purpose according to the schedule for the further.

We also have a bank account at a smaller Chicago community bank, but there technology isn't as good to be honest.I think @Jonathan Greene's main point is don't step over dollars to pick up pennies. 

That's the reason why we sign leases in person, so we can go over the main issues in person and make sure they are understood. 

Look, I am rather regimented when it comes to hard money; that a HML should ONLY ever be used for short term transactional purposes. 

Problem with Zillow and FB is they have this annoying "1-click reply" where people can just click on your ad without reading it and you get an automated message "Joe is interested in your apartment at 123 Main St."

The main challenge was that there was considerable deferred maintenance.