All of that is done on your schedule E at the end of the year and you will be able to deduct the mortgage interest, depreciation, repairs, taxes etc....Get with your CPA to figure out all of your options and how best to use them so it does not hurt your future purchasing net rental income.

I will PM you, I have a few questions on how to properly execute this.

@Kelsey MortimoreHey I hope you flourish.I’m a day trader soon to trade for professional firms, and we often have to think if price will continue or “correct” much like this crash your anticipating.

@Ramon E Alvarez I could say she was pretty motivated!

That's the trade-off.

I have a chat group with friends who all invest and we're always trading notes. 

Houston area primarily - have a good management company and good trades honed after a few bad lease turns.

restrict how you can execute a lease-option.How old is the property and what's the repair situation?

Even if you don't go to a 4 year university a trade school may be a good option.

Any other hints and tricks of the trade would be greatly appreciated.2.