Since you most likely did not make the transaction right on Jan 1st, you will most likely need to consult the IRS table if you want to be precise in the amount you can depreciate the first year. 

I’d need to pull money from my private placement, so I’ll want to know precisely my AGI to know for certain how much of my 2020 contribution I’d need to pull.

Best of luck and try to read through the posts and forum to get to more precise questions within an avenue you like

I am getting a quote from a broker at 2.5% of loan amount as a brokerage fee to originate loan, more precisely to arrange a mortgage loan commitment. 

This will allow more precise calculations for immediate and future expenses and depending on that I offer a price that would leave me with 1% to 5% net return after all expenses including mortgage payment.

When at a lower point in the cycle, the numbers don't need to be as precise because there's more potential upside and a longer time to flip may actually lead to a higher sale price due to appreciation. 

I have lived in Austin for around 40 years now and this is precisely why I've never owned a rental property here and never will. 

How do we know that the horror stories are not just a tiny portion of Section-8 that are over-represented on the forums precisely because of how horrible they are?

I’m in a small city in northeast Texas, and more precisely - north-east of Dallas Texas.I am currently not working, I’m looking to get a remote job in the information technology sector since that is my background.I have several different investment accounts and IRA’s along with Fundrise recently.Over the past year I have been wanting to get into real estate, and I took a break from work late last year.

I have a background in social work (MSW), but not in one area precisely.