I average about $2000 a month in cashflow on the current rental property, and the new property would bring in around $3500 in gross revenue.

It must either be an owner occupied property (something like a duplex would qualify where you live in one side and rent out the other) or it must be in a commercial/office zone.

I went to his office, met him and his team, and left with a good impression. 

This does not align with buying most buildings in cash.Once you progress in your investing efforts you may come across more UHNW individuals, family offices and institutions who would take the lower return for limiting risk (all cash deal).

Look at all of the costs and then all of the revenue and make a decision based on that. 

Fred, something to look out for is if this depreciation clock resets with the new administration in office. 2025 it went to 40% but the benefit would obviously be much higher if it goes back up to 100%. 

While qualified dividends get preferential tax treatment, real estate offers:Depreciation deductions1031 exchangesCost segregation opportunitiesHome office deductions for your management activitiesAnd more!

Thanks to everything I’ve learned from the podcasts, books, and this community, my wife and I currently own:A triplex in MaineA single-family rental in San AntonioA single-family primary residence in Las Cruces, NM, which will become a rental when we move in a few monthsFor context, I'm an active-duty Army officer with about 12 years left until retirement, and my wife works for a university in Boston.

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Local investors can now get additional discounts by moving up the food chain and buying as notes and, on mortgages secured by vacant properties, utilizing the preREO strategy to generate revenue during foreclosure process.