For example.

For example, I just finished a BRRRR a few months ago, purchase price of $55k, reno of $40k, it cost me about $30k upfront to buy and start renovations.

We are having our first child soon and I feel like we are getting a fresh start.

For example.

As an example...1. 

For example:  I never go below 8.34% (one month rent) for Vacancy.  

For example: When I first got into this business 2 years ago and 20 deals earlier, I went to my mentor and said "We have to do out of state properties because I have so many family members back East."

Depreciation is Calculated by taking the assessors: Land Value/ Total Value =(X) * your purchase price = Your land Value Example: You paid $400k for a house Assessor Values: $290 total value, $200k building, $90k land Building = 69% (200/290)Land = 31% (90/290)So your depreciable building value would be  = $276k ($400 * 69%) Imp/Building Value/ Total Value = (Y) * your purchase price= Your depreciable building value (note you add in several closing costs and other to the purchase price here)If you had an appraisal done- it likely provided you with a building value.

@Alice Tierney I'm not in your market BUT generally if you have a fresh coat of paint and new flooring along with a clean unit I've found that you can really set yourself apart from the market.

Your taxes on sale are NOT based on the cash received at the time of sale.Continuing with your example, lets say that you've also taken $100K of depreciation.