Meaning if you invest around 200,000 for a nice sized 1bed 1.5 adu Im sure you can rent close to $2000/m.

Or you see a nice lot, maybe oceanside, so you get all excited. 

More work, more time but you can take advantage of a nice cost segregation / bonus depreciationThis is the truth! 

If you dont need the leases it can be nice because as soon as you get near completion on your rehabbing you can get your disclosures out, esigned, start your appraisal asap, and get the process moving quickly versus waiting around for tenants, lease ups, and all units to be rented.Best of Luck ~

luxury cabin, 3100', 4/3/1, nice finishes including spa and sauna, in high fire risk area with total property value ~$500k with CA FAIR was just over $5K fire only. 

We most certainly encourage them to share their experiences, and it would actually be nice to see some support for newer investors who got their first deal done successfully, even if you don't agree with their specific strategy. 

Section 8 tenants are also nice as the government will help pay the rent.

Just found a builder a nice subdivided land in SC they will subdivide into smaller lots for mobile homes.

Check passive loss rulesTrack carryforwardsMost small landlords will simply:Take the simplified $5/sq ft deductionClaim it if they have net rental incomeSkip it if they're already showing lossesPro Tips: 💪Use the simplified method - it's $1,500 max (300 sq ft × $5)If you're showing profits, take itIf you're showing losses, don't botherKeep basic photos/documentation of your spaceThe Bottom Line: 💰If you're making money on your rentals and genuinely use a home office, this is a nice extra deduction.

Nonetheless, nice property - it looks like a Jeff Benton house in Hampton Cove if I were to guess.