But if you do end up deciding to hold it, I would expect more normal appreciation in the 3-4% a year range.

Vacancy & Risk Management✅ Plan for at least 1-2 months of vacancy per year to avoid financial strain.✅ Understand eviction costs and legal processes in case of tenant issues.5.

Good luck and would love to hear more about the goals you make for this year.

I took on an occupied property where the tenants had been there for over 10 years, and no inspection had ever been done.

(Find them on FB)Kenosha/Racine used to have a really good investor group but I haven't seen them post about meetups for close to a year now. 

Recapture typically happens only when you sell the property.If you use the property partly for personal use and partly as a rental in a given year, depreciation and other expenses must be prorated based on the number of days it was rented versus personal useBased on the current tax laws and regulations, once you've taken bonus depreciation on an asset, you cannot "capture" additional bonus depreciation on that same asset in future years, even if the rates increase.In the 2024 tax year, the rate for bonus depreciation is 60%.

I have lived in Arkansas my whole life, lived in all parts of the state, and have been in real estate for the last 8 years here. 

Stuart we aren't talking about 100 year old homes in C/D neighborhoods. 

If you choose the right company it'll drastically reduce your risk of maintenace coming up in the first 5 years and also help your yield.

I have not closed on my first deal yet but I am hoping to do so this year.