To set the scene: A cost seg study breaks your property into two important categories:1250 "real" property aka the building, foundation and other long life assets.

Either define a set period of time that you will serve as a manager for no cost and then collect xx% of revenue as a management fee before splitting profits.

A Home Equity Loan is usually a chunk of money you get up front and start making P&I payments on right away for a set amortization period.

If your second building is not set up currently to be that, then they can't be a townhouse.

Develop a clear plan, set milestones, and remember that building wealth through real estate is a marathon, not a sprint.Good luck!

Set up a clear scope of work and schedule regular video check-ins with photo updates.

When prices go up as you move into better neighborhoods and/or more expensive markets, it will get tougher to exceed 1%.As others have mentioned, this is a good rule of thumb, but you have to run a full set of numbers to understand you potential ROI on a deal.

Don't spend time focusing on buying your first property, spend time setting yourself up financially so you can succeed in the future. 

Potential Reinstatement of 100% Bonus Depreciation: 2024 is 60%. 2025 is set for 40%.2.

The debate is like a machine that riles us all up and sets us at each other.Just in case people reading this aren't familiar with my situation, I'm a DIY low-income landlord in C/D-class neighborhoods within a couple of small target areas.