Also, for the large write-offs you could take, you're not getting that much in tax benefit. 

What some people can do is make their offer NOT contingent on inspections, but still request they get a chance to do inspections "for Buyer's benefit".

Or same but with a multi-year rental agreement where you step up the rents to the $1700 over 3-4.For me - if I have a good tenant who pays and takes good care of the property - I'd want to keep them, and give them the benefits of a renovated unit - rather than give it to someone new.Hope that helps!

An appraiser would be foolish to ignore that.Having said that, and assuming we all benefit from neutral and accurate appraisals, why do appraisers get to begin their work with a copy of the sale & purchase agreement in hand?

Local allows you to use your local knowledge, allows you to house hack get the highest LTV loan with good OO terms, perform heroics if required, and benefit from outstanding historical appreciation.  

Tax time and a K1 to offset passive gains further reducing your taxable passive income, that's the benefit of real estate even as an LP.

I’d say the best thing to do would be to perform a cost benefit analysis (CBA).

Definitely run the numbers and see what would benefit you the most.

@Michelle Sanchez You're not in situation where buying property is going to BENEFIT you.

@Jennifer Roberts Are you looking for tax benefits or liability protection?