Where there is some additional questions are whether items like health insurance for myself and my wife (the premiums not the actual medical expenses) would be considered part of this overhead (in the past we HAVE NOT put this into the "cost allocated" calculations for Sch E but instead listed them in Sch A. 

Every month after you make a payment your loan is recalculated and your principal balance is reduced accordingly.

Truthfully I had some medical bills back when I was 18 and fresh on my own that took a little longer for me to pay off then should have, and required a little harassment to get me to start paying, but that was before I made the realization that you can't get anywhere in life with bad credit.

Also kind of close to I-69, which has alot of development around that area with Hamilton Town center and Medical Campus.Being a 4 bed, I think I have the opportunity to get a long term tenant.

Need to maximize deductions and depreciation over the remaining months of 2018 to significantly reduce taxes.

I'm off this property for now, but will stay in touch with the seller in case he wishes to substantially reduce the price at some point and bail out.  

I want to buy a house for myself in the next year, I’m worried that taking on the debt of these apartments will reduce my buying power.

I do however see it as a great option for someone in the medical profession, for example, who's not capable of putting all the pieces together themselves.We've gone the route of helping the client buy on / off the MLS, providing them the construction and management services they need post closing, therefore leaving more value and equity for the investor.

If you can get seller to reduce price due to not vacating a unit, sure that would be great.

I'm hoping he might reduce the cost in exchange for a longer term.