Had not done a cost segregation study when I purchased these two homes, but understand you can calculate a value  to write off so you are not depreciating two roofs...using salvage value or producer price index.

Hi,I would like your opinion on Warren dr at Little Rock neighbourhood for rental property purchase.Thanks 

Start a business that produces cash flow. 

Fair return is calculated to determine if the owneris maintaining the net operating income produced by theproperty in a base year, subject to CPI-related adjustments.https://www.readkong.com/page/guide-to-oakland-rental-housin...2021 - GUIDE TO OAKLAND RENTALHOUSING LAW

Our market is unlikely to produce outstanding cash flow with the use of a PM and if you are self managing, your cash flow equates to earnings for your efforts.I am hopeful that the high interest rates have had a negative impact on income and that the STR income will improve if rates decrease.  

I have a few units here in Little Rock, AR I am considering selling.

Rehab costs, holding costs, and the ARV will be the largest cash eaters or cash producers with this deal.If you underestimated the rehab (both costs and time) and overestimated the ARV, you could be underwater very quickly. 

Its always good to plan ahead and review your scenario to make sure you are ready to execute your next deal when you come across one rather than just wing in it and find out you are stuck between a rock and a hard place. 

A lot of rentals do not produce any significant cash flow the first several years….. 

Since you were an athlete, going into the 9 to 5 will seem even worse, but if you don't have the capital now, the 9 to 5 is the best way to keep producing capital over the years to fund more and more until you can match or exceed your work income with investment income.