I also learned from an investor friend of mine today that most cash deals accept hard money loans as a “cash deal” as well.

Gloria,Based on the excerpt below from the TN Business Tax Guide (google this for your reference), operators of residential and non-residential buildings other than hotels, motels, or rooming houses are exempt.

Maybe that could help me get a little more of a premium for mine :)

The owner is free all operational responsibility.

Mine was $3000 for an 18,000 square foot building in NC.  

Hoping the pros on here can share the facts, and also cite their source in light of a potential audit.Finally, just a TurboTax question - what is it referring to when it asks me to list any "nondeductible expenses from prior years - operating/depreciation/AMToperating/AMTdepreciation"?

@Chris Mason is helping a friend of mine buy a un-warrantable condo from me in Vallejo.

Just create an LLC and have initial capital contribution into the LLC be enough to fund acquisition (down payment + closing costs + legal funds to start LLC) and have operating capital from day 1.

Hello, Quick question,  what is the 50%  operating expense rule  when it comes to small multifamily properties . 

This industry weeds out people that operate on the contrary.