This could allow you to build equity steadily, reduce the immediate demands on your time, and potentially refinance in a few years to access funds for future investments.Alternative Approach: Small Multi-Family Property: If you're open to it, a small multi-family property (like a duplex or triplex) can combine elements of both strategies.

This type of tenant will walk all over you in the future if you don't stop it now.

@Tim Callahan, you may be able to add this to your lease in the future.

I will add value in the future after current tenant moves on.... with a complete reno

I’m looking for a structure that would at least allow me to break even, or create capital through something like the BRRRR method to use for future deals.

.: Quote from @Brandon Brown: I am considering switching to a heat pump with an electric heat strip for supplemental heating in our two-flat building, with plans to add a third unit in the future.

How would people here assess future appreciation in Rochester?

My question is, can I do a study on a home that is currently my primary residence and not yet a rental but will become a rental and I use the paper loss in the future when I need it but have captured the 100% bonus depreciation by doing the cost segregation study in 2022?

@Steve Rosenberg - I appreciate your comments and am considering a video walk-through for future tenants.  

In future we could also rent out the main house that we currently live in.