If I NEED to sell within five years, this calculation provides insight into the real-world return that incorporates these vital aspects of the investment.I want a balance between steady cash flow and long-term appreciation potential. 

Research your local market trends before starting, and have a plan B (like renting out the property) if the market shifts unexpectedly.For anyone new to this, patience and flexibility are crucial.

My point is knowledge is crucial, it’s not necessarily a deal breaker.Best of luck!

Consistency and targeting the right audience were critical aspects I initially overlooked.

This allows you to deduct the full cost in the year it was placed in service.Fences are not eligible for the Section 179 deduction as they are considered land improvements.Given this information, you have two main options: 1) Take advantage of bonus depreciation (if eligible) and deduct the full $4,200 in the year the fence was installed.2) Depreciate the fence over 15 years using the appropriate depreciation method (likely GDS).To ensure you're making the best choice for your specific situation, I recommend consulting with a tax professional who can review all aspects of your rental property finances and advise you on the most beneficial approach.Please feel free to reach out if I can be of any help.Best,Jackson

I currently work in construction and have some experience in all aspects of building.

Starting your journey in real estate investing can feel both exciting and overwhelming. The promise of financial freedom, building wealth, and creating long-term security is enticing, but the path to get there isn’t a...

- Are there specific aspects of STR market analysis that you find lacking in current resources?

Persistence and adaptability are crucial for success.Good luck!

I agree that gaining hands-on experience in property management before fully diving in is crucial.