And although many investors say they are only looking for off-market properties, the largest buying list is still the MLS. 4.

I tip my hat to you because you are way ahead of many of your peers. 

My family has been active in the Las Vegas real estate market since 1989 working mainly in single family rentals. 

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

Way to many investors were buying properties for more then they were worth with hopes of collecting MUCH MORE than market rent.

However, I'm having difficulty narrowing down a few markets, such as Tampa or Kissimmee/Orlando.

I’m not sure if you’re a real poster or you are part of Jeromes marketing team.

Do you have any tips on how to approach and structure deals with private lenders for scaling?

The units are all currently occupied right now, so we won't have to worry about the buyer's market right now haha.With the cash flow I will receive, it will be enough to take care of property taxes, insurance, and enough to save up for any emergiences with the unit that I will need to take care of, so no need to worry, I got you :)!

When it comes to real estate, here's a general list of eligible assets and their depreciable lifespans that you should know: Residential Rental Property = 27.5 yearsThis includes any building or structure where 80% or more of its gross rental income is from residential units.That means:- Apartment buildings- Single-family rental homes- Duplexes, triplexes, and quadplexes- Mobile homes (used for residential rental)- Any kind of residential lodging facility where the primary purpose is long-term rentalCommercial Property = 39 yearsThis includes non-residential properties like:-Office buildings-Retail stores and shopping centers-Warehouses-Industrial complexes-Hotels and motels that do not qualify as residential rental propertyLand Improvements = 15 yearsThese include sidewalks, roads, fencing, some landscaping, and parking lots that are separate from the building.Personal Property = 5 or 7 yearsPersonal property used in a rental activity usually has a 5 or 7-year life.This includes most furniture, appliances, carpeting and various machinery.Qualified Improvement Property (QIP) = 15 yearsGenerally, this includes any improvements made to the interior of a non-residential building after the building was placed in service, excluding elevators, enlargements, and the internal structural framework.Computers and Related Peripheral Equipment = 5 yearsVehicles = 5 yearsNote that the land itself is not depreciable.