You should look to conduct a cost segregation study so that you can accelerate more of your depreciation against your income.

not negative negative response:I firmly believe you need to spend 6+ months studying any market at the zip-code level before you make an investment.

I looked out of state but eventually came to the conclusion after studying 4 markets in depth that staying local where I’m in control and have excellent systems in place just made more sense.

@Abdenour AchabYou can check and see with the county what environmental studies have been done on propertyWhat was the prior use of the property that is giving you a cause for concern?

My tenants think I take better care of them than their previous local property managers did.Here is how I went about it. 1) Zoom in on a zip code or two and study it - learn to work the numbers until you're confident.2) Visit the market and walk as many properties as you can so that you know what you will be buying, and understand the neighborhoods.

If a Cost Segregation Study had not been performed on this $595,685 single family home located in Miami, FL, it would have had first year depreciation of approximately $22,000.

There are multiple studies you can find online on the major markets.

I don't know how to start a new thread.Since the above messages were exchanged I have been doing a lot of studying.  

Hey Anna, Yeah I would definitely recommend studying and gaining experience for a couple years before diving in that deep.

Six months: Study markets.