Don't give up before figuring out how to generate GOOD LEADS ( which turn into DEALS).

And consider that the price of education.We've had properties (not HUDs) where the deposit was six figures.

Any reference to some sort of static price figure is simply speculation.

The allowance is an additional deduction you can take after any section 179 deduction and before you figure regular depreciation under MACRS for the year you place the property in service...."

thanks @dave savage….I figured as much but thought it give it a shot to see if anyone might have some feed back since everyone on BP seems to be so forthcoming all the time.

I see you're a realtor, so you can ignore my paragraph about value, I'm sure you've figured that part out.

@Adam Moehn Great question.Your deal looks fine except for 2 figures in my opinion.1.

I keep hearing this thing about reaching out and networking, figured I'd take a shot ;) I'm in LA and a drive/flight to Phoenix is pretty doable if I'm going to be in the presence of people who have experience and are willing to help a new longer term rental holding investor.

Unless it's a newer building without much deferred maintenance I would highly suggest you increase this figure.

You have to be able to figure out the value of the property.