You dont want to inherit just his troubled children, you want the whole manor.

My overall goal is to have three income producing properties.Thank you.

He looked at my plan and pointed out that these types of properties produce much less cashflow than something like a duplex, and the property taxes in many of these areas easily are over $4,000 per year.His solution was to buy a duplex in a hot area of Philadelphia.

Our market here is dominated by top producing RE ladies easily making 500k to 1 million a year in commissions..

So I am wondering how real estate produces a negative taxable income or if i am missing something.  

Here is the list of features I am looking for (you can assume that my SDIRA doesn't support them - hence all the troubles I have had. 

@Julian JohnMake sure you are running the numbers accurately, if you guess what property tax, insurance, or hoa fees are, you are going to run into a lot of trouble. 

Learn the rules and follow them to keep yourself out of trouble.

Hi all,So I'm looking to fund my REI adventure and am having trouble.

while, I not a new investor things have changed a great deal , I would like to get back into the game and learn the new process and producer a lot of investors are using today I'm  like a sponge and willing to run....learn as much as possible.