The deduction is optimized as values increase and can potentially offset the entire net investment (including down payment) for high wage earners.

Once you increase your real estate portfolio using these tax free money, part of the cash flow they generate is offset by the non cash deduction (ie depreciation) so you get the equivalent to the depreciation amount but don't pay taxes on it.

Aside from the increased rental value, properties that are on water, or have a view of the water, are going to appreciate in value at a higher rate than the others.

I got my GC license a couple years ago so I could build houses myself as I was sick of dealing with contractors.I've hired plenty of contractors that were not licensed/insured and it went fine.

By prioritizing five-star reviews, I built a strong reputation, which led to increased bookings and higher profitability.

That said, weigh the cost of renovations against the potential increase in appraisal.

(It could take 8 years to get to today’s market rent, if market rent didn’t increase $1 during those 8 years.  

There are some locations to stay away from but almost every single sub market of KC has value and increasing rents.

Remember, investing 200,000 into an ADU won't likely increase your properties value by 200,000, but the rent potential is a great bonus.

My plan for this year is improve my credit, get my real estate license (to increase my income on top of my W-2), possibly career transition into the property management space (to learn more), and save as much as possible and learn as much as I can.I’d love to house hack close to home but my area is so expensive it seems like it’d be close to impossible.