one got section 179 treatment day one when you bought something brand new... caveot  it was your trade and business and since I am 100% real estate I qualified.. passive investors did not.. worked pretty well to stimulate MS and LA economies back then.. most car dealers used it to build brand new dealerships in Jackson MS... doctors built themselves their own offices  it was a huge boon..

He's a Medical Doctor and earns around $300k plus per year, PART TIME! 

.; traveling nurses, doctoral students, etc.), and your DP is minimal...then yeah--200-300 cashflow might be OK (but, you'll need to run your CoC numbers to know for sure).But if the property is C or D class, in a C or D neighborhood, and the tenants will cause you endless headaches, and the property requires rehab and/or has looming capex, etc....then, no, $200-300 may not be worth the hassle.There are properties that I know would cashflow THOUSANDS per month, but I wouldn't touch them with a ten foot pole because I know that the headaches the property and tenants would produce just aren't worth the money...Also, you mentioned that you think higher rents and appreciation are in the future for this neighborhood...if your plan DEPENDS on higher rents/appreciation in the future, you're not investing, you're speculating.

Thus, you might end up spending your financial freedom money on doctor bills.

A bunch of my clients are Doctors.

The lines are not very sharp and one can argue about the cutoffs but thats the way I look at it.Another way is to think about who would live in that neighborhoodA: Doctors, Lawyers, ExecutivesB: Nurses, salespeople, other white collarC: Truck Drivers, Retail Workers, Construction, other Blue CollarD: Welfare/Section 8/Drug dealers.

2 very easy solutions for you1- go and rent a rug doctor and clean the carpet in your child's room2- go and buy yourself a nice room sized area rug and just put it over the old carpet.

FWIW...I had 2 millennial doctors living next to me.

There is benefit to lying in every profession and liars in every profession, including police, doctors, teachers, you name it. 

I truly aspire to be a Doctor one day, because my heart has always been in Medicine.