Obviously the more the property is worth the more benefit you will obtain.If you are planning on continuously buying properties in the years to come, then it is much more than the "time value of money" it actually allows you to continuously lower your overall income tax by using the maximized accelerated depreciation on your new properties.The 100% (or 50%) option of of bonus depreciation, allows you to deduct all (or 50%) of that accelerated depreciation in year one, instead of spreading it over 5 years. 

So let us know if you want to share that.For me 17k x 2 years aka 34k bonus is not worth the cost and hassle of relocating to DC then back to Ohio and various transaction costs.

@Rick Baggenstoss That is a nice literal cross section of town that I'm sure offers a pretty good chance at appreciation as ITP along that corridor and south continue to transform. 

Also, with us having a lot of our income in bonuses and commissions it forces us to only rely on our salaries, and allows us to have big chunks for savings or paying off the HELOC...So much information!

There is a washer and dryer.Things like the Smart TV, wifi, outdoor grill, firepit, horse shoe pit, nude female artwork in the bedrooms, etc. are just bonus things above and beyond staying in a motel room.

Would love to hear others experiences/opinions on working on REI deals with family members.I'm inclined to fund her purchase because it means *much* less money upfront and quicker entry into REI -- the income is an added bonus, but for my first purchase, the learning experience is my primary motive.

Getting neighbors on your side is an enormous bonus!

I am looking to finish a room above a garage on my first rental. Flooring, drywall, insulation, electric, and HVAC will be needed. I am not making it a bedroom, just an extra room for an office or whatever the renter ...

Don't include the income that you'd be hoping to get out of the HELOC.If the answer is yes, then that means your DTI should not be unduly affected.Then, the added income from wisely investing your HELOC would be the bonus!

You will not be able to use bonuses, or commissions for the first 2 years, same if you are paid on a 1099 basis.