We saved $2-3,000 there.  

@Shelly Scruggs There are several ways to turn a Wholesale listing:CraigslistBP PostsREI Groups or BoardsBandit SignsThrough other WholesalersNetworkingRealtorsor even attend auctions (tax and foreclosure) and see who it buying up houses, approach them, find out the types of properties they are interested, get their card, email them a report when you are ready to sell.These are just a few ways to wholesale and build your list.  

. $300 cash flow post 5% vacancy, 10% capex included, PMI deduction, water, tax, and insurance. 

I'm guessing the balance is around $130-140, assuming you've been paying the taxes and providing proof of insurance.  

Next step is to speak to a tax practitioner who understands business tax law.

I'm a recent graduate that's been saving up since the start of my first year of employment for my first rental property.

I would like something that turns a decent roi, but would also like to maximize my tax write off.

Often in partnerships you may have different agendas like one wanting a quick profit and the other wanting the tax advantages of a long term buy and hold.

You might want to get advice from an attorney or a CPA (or tax accountant) to help you decide what sort of company you should form.  

I am thinking of putting an offer in on a property that is listed on my county's tax foreclosure listing.