That will give you some investment experience and then from there if you want to invest OOS you need to choose one market and study it in depth.

Study the market.

Get a cost seg study done.Once you convert your primary residence into a rental, you can get a new cost seg study done and take bonus depreciation to offset the new rental income.5.

Cost segregation can help boost cash flow, create substantial tax savings, and increase the profitability of the warehouse operation by accelerating depreciation.A cost segregation study is a strategic tax planning tool that separates the assets that have a shorter useful life and can be depreciated over 5, 7 and 15 years from the residential rental property or nonresidential real property that are depreciated over 27.5 and 39 years, respectively.

To begin investing in real estate, learn first, set financial goals, analyze finances, study markets, make friends in the field, get a loan, start with small properties, check all details, plan how to manage them, and choose renters carefully.

Had not done a cost segregation study when I purchased these two homes, but understand you can calculate a value  to write off so you are not depreciating two roofs...using salvage value or producer price index.

While my wife was studying to pass her RE exam I was studying and learning as well.

Does anyone have experience with cost segregation studies for foreign STRs?

Tenant PotentialRental Market: Study local rent prices to understand what you can charge.

I'm sure this is a typical case study for a total beginner, I don't really know what I'm doing.