Depreciation begins once the property is rented.It’s essential to consult with a real estate attorney to ensure compliance with local laws and to handle legal complexities.

One way to save some money, especially if you are local is to split the job. 

This forum is pretty open and people often share their knowledge and best practices, hence don't hesitate to ask any questions you want :) Good luck with your business!

Try not to get overwhelmed as there’s a lot of information on BP and many avenues within real estate investing.When I was starting out, I was interested in so many strategies, but I discovered that I did my best when I focused on one or two and really built my knowledge around them.

I have lived in Truckee for over 23 years and understand the pain you can go through dealing with a local government where the answer you received on Monday is different than the answer you receive on Tues, Wed, Thur & maybe even Friday if anyone is working.

@Emma Whear I might suggest you talk to a local real estate attorney (or another owner of a similar property) to make sure you prepare yourself if/when the City's blind eye starts being able to see ;-)

Adding the real estate investment and management concentration could definitely be worth it if it gives you solid knowledge and good networking opportunities.

They had $ but did not have the knowledge or the time.  

Research local rental demand, especially from military and university tenants, and consider balancing your portfolio with single-family and multi-family homes.

Are you investing in your local market?