Because the strategies of 10 years ago no longer exist?

Replacement cost on a 20 year old dishwasher won't be much. 

Highly appreciated.Does that mean I can deduct this loss from any rental profit from any of my properties or should it be just deducted from the same property income in the future year?

It was a fun realization so I thought I'd share it here.I purchased my first real rental 11 years ago off the MLS for 108k (put 20% down).

When I got my first loan for real estate I realized it would’ve taken me a full year to make this money before I could invest.

The market has gotten much higher than in recent years. 

It’s taken me 5 years to get here and it was worth every second of effort, pain, fear, and risk.

HI Andrew, There can be some flexibility around the 2 year history depending on the situation. 

There is an old saying that might apply here.

My 14 year old now makes over $100/month passive income from her % owned and my 10 year old is at like $65/month.In this process we are building their interest in real estate, teaching them the value of putting their money to work for them, and all the while growing our investment if we need it for their college money some day!