Good to know, I will put these ideas at the forefront of my thoughts.We are going to take a look at it Monday, with my Uncle who is a GC, so I think I will get more accurate numbers after that and reassess things from a conservative point of view.Thank you for your responses.

As a beginner, you can learn a lot from your uncle with a few rentals in another state or a co-worker who's on their second house hack.

If you sell your property, you will likely have to pay back some of the taxes deferred from depreciation.Think of cost seg as an interest free loan from Uncle Sam - it comes due when you sell the property.My motto:Don't let industry jargon stop you from making smart financial moves!

Roger makes a good point above, too, so maybe the price reduction should be between $25 and $60k. 

I plan to hang my license with my uncle’s brokerage, and since Virginia has lenient reciprocity rules, this will allow me flexibility in both states.

Buy real estate and wait" - Will Rogers

Sometimes they still made money too.The method of coming to an owner with an offer like this does show that you're trying to work for them (Probably doing more than realtor aunt Sally, realtor uncle Barry, or realtor brother Gary.

I tried to estimate what a GC might cost in my calculations, but I have an uncle who does roofing and cousins with window installation and landscaping businesses, so I believe I can save some significant costs through their help and guidance. 

Specifically, I am concerned that the relatively positive state of the current economy may be a lingering result of the stimulative drugs Uncle Sam slipped in our martini.

Imagine making millions of dollars throughout your career and then having to pay Uncle Sam 30-50% every year instead of compounding that cash over time.This is exactly what real estate professionals have learned to mitigate.To reduce their taxable income, they buy a building every year, do a cost seg, and use depreciation to reduce their tax liability dramatically.Their personal wealth snowball grows much larger and much faster than their W2 counterparts who give most of their money back to the government each year.Following this strategy as a real estate professional is one of the best ways to end up with a much larger net worth at the end of your career.