Paying a bunch of extra taxes to make your tax return look better is not necessary or desireable.

Make sure that rents are at fair market levels, and check with the utility company to get the averages for utilities.

It will be interesting to see if corporate media outlets pick it up.TimAn interesting article, but this seems to be a fairly strong conclusion from just one single article.

Thanks a bunch!

Seriously though, the idea has merit, but keep in mind- FAIR HOUSING does apply.

When you totally get the Geico ad where a bunch of Benjy's singing to you.

Find someone that comes highly recommended from a friend, family, real estate agent, etc who charges a fair price and you will have a sucessful project anything less and you are gambling.

CoStars advertising is a fairly new feature (within the last year) and I don't think it has the kind of activity that Loopnet has - especially from buyers.

In some states, (mine is one) you lose homestead protection, fair market value protection, and other protections and priveleges given to non-hoa homeowners.

But if you buy candy bars, cars, or, yes, apartment buildings, they you pay tax on it.Now, buying that apartment building will itself create a bunch of deductions, including the depreciation on the building.