If you want to get your feet wet with a few properties, give me a call.

Because it sounds great, and divides squarely by 5, lol !

Been listening to a few of the podcasts and it's re-started my interest in real estate, so I figured I'd jump in with both feet. 

Until I get to Buy and Holding and can throw my feet up while the passive income rolls in, I need to make moves quickly.

Google it - it's a green square with a white dollar sign in it.  

But like @Nick Colamarino said check with your accountant they'd be able to get you all squared away and they'd probably find deductions that you overlooked. 

Yes, the deduction states it should have a separate entrance, etc, but they've long ago realized times have changed, and so, as long as you're not deducting a huge % (i'm at 5% of my sq. footage) of your square footage as your "home office", you're safe. 

It all gets stripped to the outer walls, mechanicals replaced, and upgraded anyway.About the only things we consider to add structural value to a "distressed" SFR is the remaining roof life, HVAC upgrade (gas instead of oil, central air instead of window units), high ceilings (of the lack of low ceilings), replacement windows, and actual above grade square footage.  

So they get cold feet.

Sell properties on contract for a 10-20% premium each - no bank qualifying.Another option is to add square footage if the neighborhood(s) will bear it.