You also want to figure out if the juice is worth the squeeze (for you personally).

She's a pilates instructor and a sales director for a major hotel brand and I manage software accounts west of the Mississippi and abroad.

Here's a fundamental explanation to get your juices flowing:Assume a house costs $200,000 and rents for $1,500.

I just joined BP yesterday so I'm brand new here.

Do you perhaps know where the checkbox for passive vs nonpassive is on Schedule E?

So low maintenance with good cash flow: buy a brand new duplex, I just built and sold one and am building 2 more.

I am a brand new investor with one other property which I have been STRing for 2 years.

Overall, he seems to want to do a basic cost seg for me on the FF&E and Capital Improvements and leave the original basis of the property on the conventional depreciation schedule.I would love some feedback, personal experience, thoughts on this matter.

The Juice was simply not worth the squeeze.. same amount of equity in paid for assets for us is so much easier to handle and buying quality assets.. 

You can expect to get 8-10% CAP RATE here for a brand new property if purchased cash.When you purchase the property cash, please get BRAND NEW construction, with warranty and do not buy anything with HOA.