We use it for screening   (background and credit checks) and regular rent collection, it's been great!!    

You now have to pay regular income tax on that $21k (depreciation is sort of an interest free loan), at your income tax rate, up to a max of 25%.That's it in a nut shell......from a non tax professional layman.

Doing this will allow you to recycle your cash as you exit into regular loans on what ever you buy.Example.

Hey @Dominic Pizzi - I like the change of gears, should help generate more interactions ;) My own experience has been investment financing first, then going through the regular consumer route. 

Hi BP family and MF investors,I'm looking for a community to have some forms of meet-up on a regular basis for some of our newer MF investors to hold each other accountable in actioning on building our portfolio and business, as well as sharing experiences and knowledges. 

I honestly don't understand how government manages to lose so much money.I've regularly suggested that at least 1/3 of all short-term rentals are in violation of state law, zoning, HOA rules, Landlord lease agreement, not paying taxes, or something.

Again, the BiggerPockets store has some books for this or you can learn by watching podcasts, reading blogs, and interacting on the forum.

It is a regular occurrence to see posts about paying too much for a value add property and not making a decent, or sometimes any, profit.  

Again, the BiggerPockets store has some books for this or you can learn by watching podcasts, reading blogs, and interacting on the forum.

Landlord maintenance duties not mentioned ... regular cleaning, changing lightbulbs, regular landscaping, changing filters. 4.