., assets that tend to produce income for more than a year) are expensed over a specified "useful life." 

Deals come to you.Here is what a credible website that ranks #1 on Google produces.

The main house tenant did not like the STR part(after they already agreed to it), after the renewal we made both STRs and it's one of our best income producers(on a % basis).There's quite a few areas for this-- Virginia Beach, Garner, Zebulon, Pooler, Georgetown.

so they make their money regardless of what we produce.  

This months zip codes all produced an ROI of 7%! 

It's used to determine the cost of producing a product or service, and is a key tool for businesses to remain competitive and profitable.

A few quick items:Red flags / tips:- Seller not willing / able to produce a written lease.

@Dave Foster points out other structures as well with more control, yet still produce attractive passive income. 

I'm in a space to do some house hacking, and am under the general (unresearched, unless you count years of Zillow watching) opinion that my local rental market is healthy.

On the other hand, you build wealth by having income producing assets.