Here are a few definitions that you absolutely must know.Bookmark this thread and use it as your cheat sheet for 2024.Okay, let’s dive in:Here are the terms that I’ll define in this thread:-DEPRECIATION-BONUS DEPRECIATION-COST SEGREGATION -BASIS-LAND VALUE-IMPROVEMENT VALUE-3115-RECAPTUREDEPRECIATION:Depreciation is the decrease in $$ value of your asset over time due to wear & tear, etc.Standard depreciation is deducted evenly over 27.5 years for residential and 39 years for commercial.Even w/o cost segregation you get to deduct depreciation each year.BONUS DEPRECIATION:This is an accelerated depreciation method.

I'll definitely be looking at DSCR loans as an option.

You’re definitely on the right track with this strategy.

Florida is definitely getting riskier and it is mostly due to the increased insurance costs (from weather and natural disasters as well as fraud). 

You could consider house hacking to reduce out of pocket expenses.It’s definitely an appreciation play not a cash flow play but with the federal government here appreciation is consistent - you won’t get super high appreciation like some places but also don’t get high depreciation as well.

It has definitely cut down on the calls we get from tenants about these type of problems.

Payment is manageable but definitely eating into the amount we can save and invest.

She definitely learned from the best.

I would definitely prefer equity over getting a salary for the property management, but am just not sure how my work would equate in this situation.

Good to see you're jumping in and setting clear goals for yourself.Going from 0 to 20 doors in five years is definitely doable, but it’s a grind.