@Sakib KhanRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Specifically, you could forego hiring a property manager in the first year, as this is when you would want to apply a cost segregation and accelerate depreciation.

There are a lot of good things about Wyoming LLCs, but the favorable Wyoming laws don't matter as much because the state you are in will apply the laws of the state the property is located in. 

Here’s what CCC looks like when applied to large multifamily properties:Key Elements of CCC1.

The law also doesn’t apply for abandon properties.

Keep in mind we are a "Mega PM", big staff big unit count, so it's a lot different then the Ma & Pa, but the principles can apply.

Quote from @Cody Caswell: Quote from @Jay Hurst: Quote from @Cody Caswell: Is it true you can use taxes, depreciation, insurance, and mortgage interest for qualifying income when applying for an FHA loan on a primary residence? 

If left leaning justices were more aware of their health and the nature of the legislative branch, the judicial could have a different makeup.I also want to point out that my view of overwhelming does not apply to any term since Reagan. 

What you stated only applies to St Pete itself, and not unincorporated Pinellas county.

Life it too short to teach people that won't follow through...or to spend money learning stuff that you won't apply.