But, save as much of your cash as you can for reserves and another purchase down the road.If that appreciation is regular/normal and not an anomaly, I see the appeal here. 

@Jonathan Orr if you get a chance, watch the NFL draft this Thursday-Saturday, not for the sports part of it, but to monitor the thoughts about Detroit from the visiting media.Us Detroiters are expecting a LOT of positive feedback on how the city has improved in the last 10 years.PM us if you'd like to chat:)

We did meet the head of the org and found out they meet regularly.

This is something that happens on a regular basis on Bigger Pockets and elsewhere.

Now the regular pages are just the same words I hear on podcast.When I started my one and only SFH I spent 1/2 year longer renovating than I planned almost doubled the budget, moved a family of four and a dog into a 700 sq ft home, slept in laundry room had no a/c(I work in extreme heat) almost got a divorce, lost 600/month for g months longer than I planned, had cops called when I found perfect tenant three times in two weeks had “maintenance calls” three times in in a month.

You can still do a cost segregation study (assuming timing isn't an issue), but the cost of the study may prove to be more costly in the long run for you than just taking regular depreciation on the property.

If you are in the Kansas City Metro area in specific, note that Overland Park is considering banning STR or creating a licensing program - I guess they have nothing right now.Kansas City Missouri's auditor told them to petition the state to change law so they can tax and fee as hotels and to make their licensing program more streamlined and easier to enforce as only 7% of STR are permitted.We have several articles on our REIA's blog.And no matter where you are, these are probably the same issues you may be facing as cities far and wide are working to limit STR as there is a shortage of regular rentals.

I don't see the downside risk, especially since you live there to monitor for waste such as leaving a faucet running day and night. 

This constantly gets my name out there and now I’ve got people approaching me about moving into my units on a regular basis.

Other options include regular loans with a 20% down payment or getting a long-term roommate.