For myself, I would find a nice house hack maybe in Ohio, that seems to be all the rage right now, and have most of my expenses covered (your not paying it totally by yourself and can still save money that way). 

But since I personally invest my money in EVERY deal I syndicate and in every investment fund I manage at about 10% of the total investment it’s somewhat hard to “untangle” the accounting. 

You must obviously follow the directions of a foreclosure attorney in the state where the property is located, @Raj G. 

Hey Sang Ji,Great question, and the answer is that it’s totally up you.While it’s possible that future regulatory changes could bring back 100% bonus depreciation, there’s no guarantee.It may be better to take advantage of the current depreciation rules instead.If things change in the future, you can file retroactively using form 3115.

Hi @Chris BrackshawNot sure what your REI journey has looked like up to this point but as you being your search trying to figure out what areas to look intoThis website is a great reference point for figuring out what each area is like. https://www.areavibes.com/It gives you a total LIVABILITY score for each street and zip code.

Housing prices in Beloit are definitely cheaper than Janesville, and Janesville is (for obvious reasons) significantly cheaper to invest in than Madison.Can't be of help to the property management part though... we've looked and looked but haven't found a company we are comfortable with... your best bet there would be to join up with the Southern Wisconsin Landlords Association and network for a quick recommendation. 

It's totally accurate to say that more and more cities and counties are implementing regulations on vacation rentals.

Market may not be ideal to sell right now, but if you wait as rates drop, you may get better pricing.If you do sell when you have no income, you obviously would be in a lower bracket.

I know there are the obvious PITIA items but what about property management fees (I plan on using a property manager), maintenance/repair allowance, and vacancy allowance?

The property has a total of 9 buildings and was built in 1977.