I can't tell yet if it is free standing or not, will find out today, but either way could be an issue. 

Depreciation: For investment properties, you can depreciate the property over a set period, reducing your taxable income.5. 1031 Exchanges: This allows you to defer capital gains tax by reinvesting the proceeds from a sale into a similar property.Feel free to ask any questions or share your own experiences!

So please feel free to reach out! 

Feel free to send me a message if you have a specific question.Elvin O'Neal Managing Partner Www.clearmindequitypartners.co...   

After the redemption period expired I quieted title against everyone including the SBA, so I owned the house free and clear.

Supervise them to ensure they stay good, and have policies and procedures in place to nip problems in the bud before they grow into something bigger.If you travel a lot, or don't have a lot of knowledge/experience/time, then you should hire a property manager.

Just make sure they specialize in tax and have significant experience dealing with real estate investors.Here is a great list of questions to ask a potential accountant: http://www.biggerpockets.com/forums/51/topics/70447-questions-to-ask-a-cpaAlso check out the www.NAEA.org page in your search.

I could not find any threads, but feel free to post any that exist.

Tax Differed not free .. 

Cleveland is number 1, does anyone have experience there!