It becomes the death of a thousand cuts sort of thing. 

I will be getting these items noted in the sale contract, but I am wondering what sort of depreciation schedule to follow (by the bye, this is a property located outside of the US, so will be depreciated using the ADS) : should they be depreciated over the full schedule prescribed in IRS publication 527 (9 or 12 years for most things, I think), or do they qualify for a different kind of depreciation since they have already lived a little.Thanks for any and all insight !

I have been interested in Real Estate since later 2019 but I am now very aggressively looking into select property.Here is what I found (referencing the Ultimate Beginners Guide at https://assets2.biggerpockets.com/uploads/user_file/file_object/1694/UBG_2018.pdf):As an investor you are required to wear many different hats, but you don’t need to (and can’t) wear all of them.

Just sorting through my options here.  

What sort of emergency are you thinking would require you to rush to the property?

I could even make the basement into my own living quarters and be sort of closed off from the rest of the house.Tato: Thanks so much!

The plants and grass right up against the house is an issue, there is almost always going to be some sort of water damage. 

At worst, I think I could make $800 a month on some sort of house hacking strategy - live in the main part with a roommate and rent out the MIL suite, or rent out the main house while living the MIL suite.

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I guess what sort of liability is worth doing that since the deductions are the same and I figure the auto insurance must be more since it’s commercial?