Hello @Kyle Luman,In the first few years, tax deductions like depreciation typically offset cash flow, depending on the rate of rent growth.I also want to comment on your statement: “Buy in appreciating areas.

Do you need input from specific property owners or market experts for your "granular" data?

In my experience, it's crucial to be aware of these state-specific rules to avoid unexpected tax liabilities.

Do you work specifically with investors? 

HAs anyone used a turnkey company, specifically REI nation? 

Are you interested in any specific strategies? 

For example, we might arrange a shorter penalty period or reduced fees if you expect to exit the property within a specific timeframe.Ultimately, the key is aligning your financing terms with your exit strategy.

If you buy primary you only exclude $750k loan interest if you itemize deductions instead of taking standard.

I use a Netflix and a HULU account specifically for the STRs. 

Instead, there should be dollar amounts assigned to specific events, i.e. demolition complete with full haul off, floors broom cleaned, no nails left in studs or subfloors $1,500.Plumbing rough in complete and rough in inspection passed: $4000Final plumbing completed $5000I am clearly making up dollar amounts, but look for these types of bids on large projects.