With one successful flip under my belt, I'm eager to connect with fellow investors and expand my knowledge and network in this vibrant real estate market.In addition to my passion for real estate, I’m also a skilled electrician.

Can you share some additional numbers about the investment property you're looking to buy?

That is an additional savings. 4.

However, note that claiming additional depreciation will increase, not decrease, depreciation recapture tax (up to 25%) when you sell.Key Considerations (Updated for 2025):1.

Additionally, a CPA can maximize child tax credits, rental property depreciation, and ensure compliance with reporting requirements for their 1099 income.

Additionally, we have equity of approximately $145,000.Now, we are faced with a dilemma: should we sell our current property and purchase in a more favorable neighborhood, or should we rent the house and let it pay for itself.We would greatly appreciate any advice you may have.

You don’t get to just expense the additional real expenses.

When it comes to housing, the FHA rules apply in addition to those of your state/city.

In addition to the interest of the loan, you'd also be paying this as well. 

I also want the seller to sign, just to add its own confirmation to the tenant's statements.