@Nate Pucel The depreciation basis for a rental property includes the purchase price plus the cost of renovations and improvements that add value or extend the property's life.

The cost would be about 500k about $250k cheaper than it would be to buy another duplex property in my area.

If you have excellent credit and enough for a down payment/closing costs without totally wiping out your funds, I say go for it!

Interest rates are pretty universal across country, you are in a high demand, high cost area.  

Basis - $323K Debt $66K Liquidation Cost estimate 10% if he sells through broker - $66K. 

It provided loss of use coverage and high liability limits but at less than 50% the cost of the quote I got from Proper.

Not to mention they wrote of over $300k worth of taxes for me utilizing a cost segregation study. 

Interested in learning more about the Sacramento market, feel free to DM me.Purchase Price: $882,250Rehab: $260,000Holding Costs: $60,000Appraised: $1,300,000Gross Rents: $6,800 Have 1.2 into the project and it only appraised at 1.3??

We have our own design team, contractors, and real estate agency under one roof, which saves time, cuts costs, and improves communication across projects.

My cost basis for my properties are consistently off from my tax returns because Stessa will include everything in the basis even though it shouldn't be.