In reality we need to start small and build our way up to that level of reno'..by affording bigger houses in nicer neighborhoods that warrant the fancy upgrades.

In reality, you need to be aware that you can certainly conduct business in a way that could negate the advantages of the LLC (e.g., comingling (mixing) personal and business funds).  

Let's assume the Land portion of your $225K property is 20% of the property value, leaving $180K as the Building value for depreciation purposes (in reality, you would use the land valuation on your tax assessment to determine the split).  

Rarely does that turn into reality and the other 90% plus are delusional.The Tycoon person I am sure after the show aired likely received many offers at less equity than 50%.Some of these groups go on the show with no intention of making a deal with a shark.

@Paul TimminsAdding them to my collection and I certainly plan on making that a reality. 

In reality, there is very little you can do to make them stay.

The idea is that a property "lasts" for 27.5 years(residential, commercial is different), and the IRS allows you to deduct the value of the additions(so not including land) over that lifespan of the property.In reality, we all know that property doesn't expire in 27.5 years, but that's another topic entirely.What Jason means about the difference between the deduction and credit is a common confusion.

I really appreciate the thorough responses, reality check, and sounding board.

And I notice that my taxes in one particular county are pretty high.the reality is that its not just the taxes it is the solid waste bill.which is really a garbage or sanitation tax.it breaks down to approximately 100.00 a month for the house since it is a duplex.  

Talk about the reality of the marketplace and building rapport before your micro contract details.I do this framework:1. build Rapport2.