Plus, it gives you a chance to learn the ins and outs of property management on a smaller scale, which can be a huge confidence boost as you grow your portfolio.Best,Lei

Also see if you can pull up rental  and sold comps in the area using Zillow and Redfin and you have to give a   margin of error in their estimates and see if property appreciation is there for that area in case you are thinking of building equity.

I have been researching this a lot lately because I feel this could not only shelter me greatly in 2022, but make or break my chance of being a full time real estate investor (which Ive been chasing for 20 years now, police dont make a lot :). 

If the property is a personal property used for personal purposes, there is no depreciation since its not a business asset.There may be a chance that you have a home office within the home that is eligible for some write-off but you have to be using the home office towards a business activity.

Be sure to stop by the Welcome Home Milwaukee table this weekend at the RPA- CON for a chance to win a FREE custom pickleball set among other prizes.

Chances are the answers are, YES! 

I ended up spending HOURS building a tax estimate spreadsheet.

This is how the same area shows in 3 different flood map systems:This is for a suburb of San Antonio, not a coastal region.The first is the one used now by Zillow and Realtor, feeding from First Street - the house and whole neighborhood is not marked currently in a flood zone, but it's deemed a MAJOR risk with 30% chance of flooding in the next 30 years.The second one is from SARA, and has some portion of the neighborhood in flood plain.The third one is from FEMA and it shows some portions in 100y floodplain, and the whole neighborhood in a 500y floodplain. 

looking forward to connect and see if there is a chance to partner on fix & flip.  

They can help you find a good cost segregation firm and get you a free estimate.