So is a cost seg for accelerated depreciation only beneficial for REPS or non-W2 investors (eg. self employed or contract worker)?

Hi guys, I am self employed with no proof of W2s, i make a living buying cars at dealer auctions and leaving them on a local used car lot on consignment, I have $30k liquid and around $90k tied up in my current vehicles, usually my  vehicle inventory is sub 11, I want to get into the real estate game but in my situation im guessing its hard to get a good deal in getting a loan, I am single, no debt or responsibilities , ideally i would like to start with a single family home but in the current market so high i would even consider condos/town homes.

I do plan to self manage since its in my hometown; however, I am planning for property management as an expense in the event I move to a bigger city for better employment.

What's your current employment situation?

I will also have a hard time refinancing, because I am 1099 self-employed (full-time musician).

They also did a credit check, checked my employment, and contacted my referrals as part of their vetting process

Spain is in very bad shape economically right now with extremely high youth employment and occasional riots.

Twin Falls CountyAverage Purchase Price: $360,000Average Rental Price (3-bed home): $1,600/monthKey Highlights:Twin Falls city is known for its agricultural base and growing commercial sector.New businesses and developments attracting residents.Affordable housing market with room for growth.Investment TipsResearch Local Markets: Understand local trends, employment opportunities, and population growth to identify the best neighborhoods within these counties.Property Types: Consider what type of property (single-family homes, apartments, etc.) would yield the best returns.Rental Market: Evaluate the rental market dynamics to ensure consistent demand for rental properties.Long-Term Trends: Look for counties with long-term economic and population growth to ensure sustained property value appreciation.Investing in these Idaho counties offers a blend of affordability, growth potential, and rental demand, making them attractive options for real estate investors.For more information about Kootenai county please reach out.

I've already earned about 100k in just a few years of maxing with my employers 5% match.

After that, apply for an Employer Identification Number (EIN) from the IRS.