However, only those classified as "real estate professionals" (REPs) benefit fully from these deductions, which are usually limited to those who spend more than 750 hours per year or half of their work time in real estate.

.: You might be able to raise extra capital to support this project by listing the property for fractional ownership on lofty.ai.

., new renovation, outdoor space, free parking, in unit laundry, extra storage, utilities included in rent.   

Otherwise, you won't have the extra funds necessary to cover the rising costs of goods and services in the future.What causes rents (and prices) to increase?

That would the extra 5k would technically come out of my own pocket, right? 

For an extra 800/m (this is a random number)It usually isnt worth it.The investors who have the best success do the following things:1.

Then you could house hack to make extra money for your next down payment. 

Renting it out would let you keep the asset, earn some extra cash, and possibly benefit from tax deductions like depreciation.

It's really great for learning the fundamentals even if you aren't investing out-of-state, and of course extra relevant if you are. 

If you're 25 or 35 and that monthly rent check gives you an extra vacation a year for the rest of your life, that might be fun too.Good luck and congratulations for being in the path of progress I guess.