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.

In addition, the debt of each state is crippling.

The additions are usually small.Buy focusing on real high value places, you are putting yourself in a narrower guest pool.

That is an additional savings. 4.

Additionally, we have developed templates for tracking key metrics that we require our PMs to fill out weekly. 

I was interested in something like owning a rental property as a way to generate some additional income. 

Here are additional comments:1) Buying out of state removes any local knowledge you have from assisting in your success, including knowing areas, people and costs. - We always recommend buying your first rental locally if possible and DIY managing to learn as much as possible before investing OOS.2) Lots of crooks and incompetents in the PMC world:( They both cost you money.- As already stated, you'll have a small portfolio.

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

Unless you are unknowledgable, my bet is you could make more from rent than sale, and still have the benefits of owning the original home while you go do something else.The 25K you have left in property will be netting you(gross) of $350 mo or 4200 per year.