Hi @Linda Cunliffe, If you sell to a relative below market, the IRS treats the discount as a gift, not a deductible loss.

Looking forward to create new relations.

Of course, houses like these are prime spots for human and drug trafficking, prostitution, sex parties, and so on. 

Armed robbery, burglary, sex crime convictions, narcotics, etc.

I’m on the capital raising and investor relations side of my group and would love to connect with others doing the same to exchange insights on what’s working (and not working) for raising equity in today’s market.  

Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.

Quote from @Robel Nessro: Hello so this is completely off topic and not real estate related but how do you feel about Brian Tracy or other people that are similar to what he does?

Seems that properties are relatively affordable and one of my friends bought his first investment property out there. 

I am thinking about home office, phones, RE related milage and meals, may be buying a vehicle via LLC.

On the other hand, 4% is relatively cheap debt.