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I learned that the end of December was not the ideal time to purchase a property, as I was not able to take advantage of a property tax reduction whereby a tenant was required to be in place by January 1st to take advantage of this property tax savings.

I am really most interested in trying to pay down debt that I already have.Other things I have heard about are self-directed IRA's where title to a property is held in the name of the IRA. 

that’s the direction I chose to take.

This is due to a special rule under Revenue Procedure 2002-69 that states that a LLC owned by a husband and wife in a community property state is also considered to be a disregarded entity and for tax purposes, the property is treated as if it is owned directly by you and your spouse.

View report*This link comes directly from our calculators, based on information input by the member who posted.Curious what you all think about this deal?

As I sit here at my J-O-B sharing my first post to the bigger pockets family, I would like to get some feedback/ direction.

Since the rents make the mortgage payments I want to say keep it, but any CapEx and repairs (already had to replace both AC units) come directly out of pocket. 

I recently rolled over a 401K to a Self Directed IRA and have an opportunity to buy a house in a somewhat rough area, but a solid house with good rental potential.

View report*This link comes directly from our calculators, based on information input by the member who posted.