Cause if he learns bad habits now, like living above his means or not saving, they'll be hard to break.

In April 2024, I finally saved enough money and pulled the trigger.

A couple of things in regards to saving on taxes by utilizing depreciation correctly.

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

Also, I always keep a few generators handy—trust me, it’s saved me (and my tenants) a ton of headaches!

You might look into some of the real estate crowdfunding sites that allow you to invest only a few hundred dollars into whatever project you like and build up savings in the meantime so that you can take down one of these deals in the future.

And of course, you don't pay interest on the money until you use it, so you do end up saving a lot of interest that way.

They saved him some money by helping rip out a lot of what was likely going out anyway, they hauled it away (granted, they dumped it on the neighbor, but it's still out of there) and they didn't even leave any personal posessions.

Frankly, I am trying to find ways to save money.  

Eliminate debt, establish a budget, and save.