Instead of depreciating everything over 27.5 years, a cost seg study can help you take advantage of shorter depreciation schedules for certain assets, which can save you a lot on taxes upfront.

Make sure your credit is also in the 700's or higher to take advantage of better pricing.

The best tools to take advantage of as a new member are the keyword alerts and local meetups.They help you find the right discussions and connect, in real time, with like-minded folks in your market.All the best to you!

@Sean KirkBuying a turnkey home can have some advantages especially when you can't monitor the property and the contractors working on it.

Lastly, if the home has appreciated at all, taking advantage of Section 121 and taking capital gain exclusions is just another strong point towards selling within the 5 years if you've lived there for at least 2 years. 

The advantage of my "day" job is i have a lot of spare time sitting around hotels with little to nothing to do.

I would also agree to get your taxes done so you can take advantage of only putting 3% down on your home purchase.

It can be less risky over time, and you benefit from cash flow, tax advantages, and equity growth.

The advantage is you lock in a fixed interest rate for the life of the loan.

This is a great place to learn and to connect with people so take advantage of all the great resources.