Comparable property sales do not affect the depreciation basis, which is determined by actual purchase and improvement costs.

You’d be shocked by how little actual screening many PMC’s do!

Hi Devin, Have you ever considered that instead of America needing smaller homes that are more affordable, that America needs more higher paying jobs so that people can live the actual American dream versus having to settle for less and less and less (Has George Carlin pointed out in his classic speech about this). 

Insurance is going to protect you financially from lawsuits, damages, total losses, and other scenarios we can't even begin to imagine until it actually happens.You'll want to have a broker you can work with and trust that will make sure you're properly protected in the event of a loss.

Before or after you actually own the property?

I don't have much actual experience with many of these markets.

It is actually better to start with a slower season and welcome expensive guests when you know what you are doing. 

We’d actually love to invest in Bergen County NJ, but the numbers just don’t seem to check out at the moment.Also, thanks for the reminder not to rush into something just to do a deal. 

Lots of military bases around, that's actually how I ended up here.

This person may actually be a licensed lawyer or a real estate professional.