Depreciation, W2, and multi-family

[Ryan G.]

Hey community,

I'm sorry if this is a broad/dumb question.

I have a couple of SFHs and have been slowly growing my empire. My plan was to do a low leverage/safe strategy, and pay off the handful of SFHs in a few years with my large W2 income, and decide at that point what I wanted my long term strategy to be.

However, I'm suddenly in a financial position where my W2 income has skyrocketed even more, and I've moved into  the 30%+ income tax bracket. My depreciation on the couple of homes is only around $10k a year offset for my income. I'm trying to decide how/if I should jump to a much larger real estate vehicle(ex a small apartment complex) where the depreciation would perhaps offset a much larger amount of my income.

Current challenge: I only have around $50k cash on hand. I suppose I could save like there's no tomorrow, and muster around $200k within the next year or two. 

Question: Is getting into an apartment complex feasible? Will the depreciation significantly help my W2 income? I've bought and sold around 5 SFHs but have only read about multi-family.