However maybe I can only deduct something like gas to visit the property if I have an LLC?

Trulia puts it at $37k.Supposedly has an aged roof, but not leaking and no repairs needed (never the case, but that's what I was told)Owes $24k, will take that.She had it rented in the $350-$400 range.

The gross rent is 3300 a month but we pay gas and electric, the units are fully rented all the tenants have been in the building over 2.5 years.

Greetings,I am looking at deal as follows:6 plex with total rents of $2300 per month.4 two bedrooms and two efficiencies.Owner willing to finance 15%.The building is currently separately metered however owner pays water, trash and gas bill for hot water heaters.

I currently specialize in Oil & Gas and Fix & hold SFH &  2-10 multi fam.

Is the roof leaking?

So here are the details :lot size 70X300, 2 stories, 1 building, 6 parking spotson site laundry ,boiler system , gas stove ,dish washer & metal rooflower unit 1: 2\1 800 rent (17 yr renters no plans to leave)upper unit 2: 1\1 550 rent(14yr renters no plans to leave )upper unit 3: 1\1450 rent + 240 yr for parking = 21,840 taxes 3465, ins. 1483,owner currently pay utilities 6,643 a year =11,591and the purchase price is 129,900 with some wiggle room (city assessment says 122,880)any & all advise is appreciated. 

I don't think you can, but figured Id ask.

Hey Troy G. - As you get up here - or start planning your move, be sure to look me up.

Owner thinks the comps would be 120-125K Zillow says it is worth 116,000K I don’t have MLS Access so if anyone on here has it and can help let me know House is not updated and needs some repairs: listed below 4 bed 2 and a half bath 1800 sq ft total including sunroom and loft overlooking valley (has great view) Wood siding Built in 1983 No tenants owners are occupying They own it as a land contract that Owe 28,000 Trying to get as much as possible but understands he will probably 60-70% Wants 75,000 but willing to negotiate Looking to sell as quickly as possible Don’t want to give it away 75,000 sounds like a low fair offer to owner He says the view sells it Owner thinks it would sell on open market but need to sell now Will list it with realtor if they absolutely have to Will stay in house if necessary Asphalt roof new within 2 years soon Garage has older roof but the roof does not leak No offers yet and have not talked to anyone else Repairs/updates needed:Finish painting trim on outside of property and garage.New garage door and replace two window panes in garagenew roof on garage if wanting to replace (but it does not leak right now)Finish staining and painting deck railsnew medal door for storm shelterfinish wood siding in sun roomnew counter tops (current ones are not granite, but are in very good conditionappliances all work but are not new