The reason the IRS lets you depreciate Real Estate is because it quite literally depreciates, it ages and falls apart and you have to fix it over the years. 

You said you make $70k (which is awesome for your age!)

Hey @Brian Barcelona,First - congratulations on saving $20k at your age, most Americans don't have more than $1,000 in their savings account, so that in and of itself is quite an accomplishment.I would concur with @John Warren, find something that cash flows and get into it!

Because of her age, illness, and the overly tenant friendly laws here in Oakland you are stuck with her until she wants to move or breaks one of the very few just cause laws.

It wasn't a lot of standing water and the spots were dry, but I would've accepted a simple "We don't know" in response from the agent/seller.I also wanted to know an estimate of the age of the roof and water heater.

All need a some repair, mostly minor age related wear and tear, but some need a lot and a full rehab on these would be more than the value of the trailer.Anyone done this before? 

Other one built in 1949, Allstate agent initially wrote but when assessor went to see it, he didn't even assess due to property's age and they declined to write the policy.I live in NJ and have 2 more rentals in VA so essentially I have 4 properties (including that 1956 built Baltimore), autos and umbrella (requires all covered properties to be insured with Allstate) all with Allstate so trying to see if anyone has their pre-1950 property with Allstate (which happens to be cheapest overall everytime I try to price shop).If anyone has any other insurance company they can recommend for multi-state situation like me then that will be appreciated.

My response to their question is always truthful: We manage this place professionally with credit checks and employment verification.

I'm very mature for my age, I have learned a lot and will continue to learn, and I am (obviously) incredibly ambitious.

For multi family in Canada is their a house age range you would not touch or has a lot of headaches?