By accelerating your depreciation schedules, you reduce your taxable income which in turn increases your operating cash flow.

I'm just south of you in Dothan.

Make sure you add on your lease that tenant is responsible for lawn maintenance (cutting and watering) Summer heat in Houston is brutal and your new grass ( and investment) will be dead by fall.

Link here.I hope it all works out great for you in the end!

Also, I would factor in your interest rate.

So it creates a system of checks in balances that as transactions are entered throughout the year both parts of it are accounted for. 

Having a tenant will not effect the appraisal in anyway.

(I.E. if one property was in both your names and you bought in just one name.

Purchase price: $665,000 Cash invested: $200,000 Remodel of 1948 Cape with Breezeway and Garage ... excellent bones in need of lots of TLC ... new Hardie Board siding, roof, gutters, windows hardwood flooring, electric rewiring, wall modifications, new kitchen cabinets and appliances, new bathroom guts What made you interested in investing in this type of deal?

As many things in life, just because we forget to do something or don't do something completely, does not mean the burden or penalty of such a thing is pushed off of us, and onto the service provider.