Generally - the depreciation on the structure, mortgage interest, property taxes, repairs & maintenance, insurance, property manager, utilities, vehicle expenses (mileage), professional fees (reports/CPA), home office (office supplies, percentage of utilities, continuing education).

Sad to say, but i let this property go.

Just closed on a couple of properties a week or so ago.  

A couple of things I like to tell my newbies-Owning a short-term rental property can offer significant financial benefits.

Quote from @Simon Girmay: Hi Everyone,New to investing as I don't have any properties under my belt yet, but the goal is to have something by the middle of 2025.

.: Its typical for real estate investors to hire a private home/building inspectors to inspect a real estate property before they buy it.

Quote from @Vince Abernathy: BRRRR Strategy - First property....

I would like to purchase a three or four Plex and live in one of the units.I understand I can use an FHA loan or conventional loan with only 3 to 5% down in order to get into the property however I live in a very expensive area and the properties I am looking at are currently 700+. 

Yup, property condition, vintage, neighborhood, tenant base, property management are all very important considerations. 

Purchase price: $130,000 Cash invested: $9,000 Sale price: $185,000 I did not have the knowledge then to keep the property and pull money out to complete renovations to another property we purchased a year after this one that required a complete overhaul.