Zillow lists my unit at ~$170k, which I don't think I could get after making honest disclosures (Although I would not speculate about the condemnation as this is still just one possible outcome). 

Investment Info:Single-family residence buy & hold investment in Foley.

I sold a primary residence in California in December with some serious capital gains.

Investment Info:Single-family residence fix & flip investment in Oakland Park.

Investment Info:Single-family residence fix & flip investment in Oakland Park.

You don't have reserves for problems.I know you want to get into this and get  your first home, but honestly when you buy a fully rehabbed house the person who sold it to you is making the money, you're overpaying for this home and if any problems come up you'll be in a tough spot.

Investment Info:Single-family residence fix & flip investment in Jeffersonville.

Investment Info:Single-family residence fix & flip investment in Cincinnati.

Honestly i have no clue which angle he was ultimately trying to go at, but it sounded like he works with a lot of investors who own real estate that produce more deductions than they have in income to claim on taxes, the point he kept repeating was that you can calculate how much income on a property could maximize the usage of all your deductions, then either pay down to this point and maintain it, or refinance the property in a shorter mortgage to gain income and bring the level back up to this level every so many year or after paying it off. 

He's young, licensed, has sold millions and shares all the ins and outs honestly.