I’m based out of Lehi, Utah, and have always been fascinated by the potential of real estate to create opportunities and build wealth.After spending time learning about the industry and what it takes to succeed, I’m ready to dive in and start making deals happen!

The real power of single family residential comes with stable, consistent markets that chug along, have good rental base/demand and growth potential. 

Based on 27.5 yr straight line depreciation, that's about $1,700 of missed annual depreciation; $25,000 over 15 years - and at an ordinary tax rate of say 30% tax could amount to $7,500 off my current tax bill. 

@Aaron Zimmerman Good point about structure set up and determining cost bases.

Paid 12800.based on google mapsThe property is a mess.

I am local to Los Angeles - based in Orange County.A bit about me: I’m a civil engineer by profession with experience in local government.

We've invested around $50,000 in improvements (central air and hardscaping) and our mortgage is a 30-year fixed at 2.5%, with a PITI of $2400.We think it could rent for $3,750 - $4,000 per month based on local comps.

The information provided is for general knowledge based on my experience and should not be considered tax or legal advice.

Do you have a preferred type of property and price range you're looking for in general (knowing the costs can be different based on they market)?

Based on what you shared you are not financially qualified to own real estate.