They said we low balled them, I told them they didn't and guess what, they received another offer near ours and at the end, the property didn't sell.Construction costs are high.

I did a cost segregation study in order to take advantage of bonus depreciation and I have  a couple questions.1.

OK, I would urge you to be very, very careful here...Certain operating expenses are paid monthly from lender escrow, so it's easy to assume that any costs not paid this way are somehow "optional."

I wouldn't consider this an investment, but maybe a way to offset your costs.

The current low(er) cost of living compared to other markets and lower entry points make it very attractive.

not positive but ballpark guess not sure how much those cost yet... but im using the 70% formula so   364,080 x 70% - 30k (repairs) - 8,500(whoelsale fee) and i get $216,356 as my (MAO).

Make sure the deal pencils out with the higher financing cost. 

Down Payment: Lower down payments, such as the 3.5% required for an FHA loan, let you keep more of your funds, but they also result in higher monthly mortgage insurance costs.

I can always go with a larger outfit, but that’s more overhead that come at higher costs.

So you give $100k away to a charity and you have a $50k cost basis on the remaining property.