@Brandon Ja - The standard answer here is to check with your CPA, but from my standpoint expenses that add longevity and functionality to an existing property (including adding square footage) would make that a capital expenditure that can be depreciated over time.

My priorities are cash flow and tax benefits, and I’m looking at purchasing a 2/2 that fits up to 10 and is along a body of water.

Property Standards- Cleaning Coordination: We work closely with our cleaning teams to ensure properties are spotless and ready for guests.- Maintenance Coordination: We coordinate maintenance tasks promptly to keep properties in great shape.- Stocking Essentials: We make sure that all necessary items, like toiletries and linens, are available for guests.7.

Service the furnace, A/C and water heater regularly.

Needless to say, the buyer got a whole bunch of stuff done right before closing that were not found in a standard inspection.

Since it's in the city, we have water and sewer access.

I currently manage properties throughout Los Angeles County, and occasionally come across properties that aren’t ideal for long-term standard rentals.

I’ll keep in mind the benefits of a standard fence for other parts of town.

Hi George, this can be done but it will be a bit tougher than a standard loan. 

You will also learn from others which operators they like or don't like, which asset classes are going well, diversification strategies, standard terms and more - and most of all you will have other like minded individuals to consult with who are on a similar journey.