I am currently in my first year of my W2 job (post graduation), and after a year of listening to Bigger Pockets, getting my real estate license, and allocating funds, I have finally decided to dive head first into my first investment.

They detract something from primary structure(s) even if it is just reducing the lot allocated to primary unit but often it is more, like a garage, privacy, parking, etc.

Are you filing married/jointly and is that the best election - sometimes if you're rich spouse/richer spouse you can file separately and allocate income and itemized deductions with the other taking standard deduction to save overall. 

@Maxine BrownI agree with @Jon K. that it is a matter of where you prefer to allocate your time.

I am currently in my first year of my W2 job (post graduation), and after a year of listening to Bigger Pockets, getting my real estate license, and allocating funds, I have finally decided to dive head first into my first investment.

Of that 50M, 25M was allocated for the construction of a new recreational faculty that has since been completed.

Those funds grew in value on top of the regular allocations from your paycheck.

Property Value: The DIY option is viable for properties with improvements under $1.2 million improvement value (acquisition cost minus land allocation), covering most 1-4 unit dwellings.

You will allocate many of your deductions between Schedule E and Schedule A.

Then they said that I couldn't get the 10k USD back because "the funds had already been allocated".