Did you buy "points" to reduce the rate margin?

As I'm in talks with the oil company that currently owns the land, what questions should I find out from them that would help reduce any surprises?

So far I have not taken money out of a tithe account when there are losses, but since I give tithe on net profit from all my properties, does it make sense to reduce current year's profits by prior year losses as much as the IRS allows and pay tithe on the net profit?

Just imagine reducing your living expense, owning an asset, and having your tenants pay the bulk of the mortgage, then repeating this a few times over all while every year the rents go up.

These expenses would lower your taxable income and further reduce your overall tax liability.

No problems with thinking big -- but thinking big and fast when you don't have experience is risky, and will reduce your likelihood of long-term success. 

Just like anything in life.Once you have made the decision, this is what you want to do.You need to have tunnel vision on your goal.If your saving up for a down payment, work an extra job, side hustle, reduce expenses, whatever.Finding cash flowing properties is not hard to come by, your first property does not need to be perfect or give you the absolute best return; you need to acquire it as soon as possible to start the compounding effect.Hope that helps :) Lets get to work

**Depreciation Recapture**: Because you've rented the property, you likely claimed depreciation, which reduces your basis.

Over the home loan term, this can significantly reduce your mortgage payments.Closing costsReal estate investors must pay most of the closing fees when finalizing a mortgage and real estate sale.

This helps reduce operational costs and increase efficiencies, hopefully giving the landlord back time to spend on other areas of the business.Market Trend Predictive Analytics: There are AI algorithms that can analyze large amounts of data in order to predict property values and future market trends.