maybe some light repairs after the tenant moves in...so your first few years after a purchase are typically stabilization, and you investing your money into the property.

So, if the surface was high gloss it may need to be lightly sanded or to use a product to take the sheen off of it.

The land represents ~1% of the purchaseOn the contrary - if you purchase a $2 MM shack in manhattan on a postage stamp lot, the land could represent 99%Lever 2 - % of the property with a shorter useful life.Not all parts of a piece of real estate are depreciated at the same speed.Certain personal property assets have SHORTER lifespans in the eyes of the IRS vs the standard 27.5/39 year livesProperties with tons of this often have:- Over-developed land sites (hardscaping, pools, retaining walls)- Fancy Fixtures- Fancy Furniture (STRs!)

Start with something light-value add or turnkey so you don't take on too much risk and you can learn the whole process with a more friendly investment. 

And as these threads keep going and things keep coming to light it sure is looking that way.

Be careful out there....some of the new builds are not comparable to the old builds....many of the newer ones are all siding, no brick, no light fixtures or ceiling fans...just LED recessed lighting...no doorbell, no garage door opener, no attic stairs, one piece tubs, vs tiled baths, no landscaping, no trees, and on and on....they've taken out virtually every single cost.   

**light goes off in head** - maybe that's why all these "guru's" are working hard trying to sell training rather than working on deals.

he brought the appraisal up by around 40,000 dollars but was still a bit light compared to equal comps. 

Others may have had a good experience but we would have been better off lighting our money on fire to heat out our home.

Similarly for the master bathroom, I want to only replace the existing vanity with a new one, keeping the current light yellow tiles.