Low Income + First Rental = CPA needed or not?

[Tomer O.]

Hi guys,

About to close on my first rental property, out of-state (TN), cash purchase, through a turnkey company

I've had and will have a very low yearly income (less then $10K), and I've been filing my W2's via 1040EZ doing my own taxes the last few years.

From a little bit of research it seems like I won't be able to use the 1040EZ, but will have to change to the regular 1040.

I was curious how complicated is it to calculate and fill the rental income, deductions and depreciation for 1 rental property.

Willing to spend time to learn how to do it well.

How much time would it take to file taxes using a 1040 while having one W2 and one rental property assuming I've spent time learning how to do it.

Thanks in advance,

Tomer