The IRS requires that you separate the value of the land as land is a non-depreciable asset, thus you are not able to receive a depreciation deduction for the value attributable to the land.

To achieve this, we have applied the following filter criteria:Only properties with 2 bedrooms and 2 bathrooms have been considered for this analysis.We are only considering listings with over 30 reviews in the past 12 months.The findings are presented in the chart below:Here are some observations:The average daily rate for a 2-bedroom / 2-bathroom unit throughout the year stands at $308.Rates tend to be higher during the months of May, June, and July.Conversely, the lowest average daily rates occur in December, January, and February.It is important to note that the increase in the average daily rate during January is not attributable to increased demand, as indicated in the seasonality section.

This reminds me of a line from the movie A League of their Own, said by Tom Hanks character."

The rehab must be certified by the National Park ServiceA “certified rehabilitation” means any rehabilitation of a certified historic structure which the National Park Service has certified to the Internal Revenue Service as being consistent with the historic character of such property or the district in which such property is located.In short: no, it's not as easy as writing off 20% of any rehab that you do on some old building.

The kinds of attributes you seek will depend on your approach.Given your youth, take into account the potential for house hacking.

Any increase in revenue will not be attributed to the photos by hosts.

And depending on colour expect to still have some “character” in the wood.

It takes great character to sit on cash.

From my personal experience I’ve had most success acquiring MLS properties that have underlying characteristics such as favorable zoning, incorrectly listed square footage or other attributes that are either incorrectly represented or not effectively marketed.

You act the part, talk the part speak the part and you can also get character reviews.I have worked with Nate for 10 years.