Then literally hundreds of these of come across my desk seeking financing - and typically the pro forma looks great while the actual historical financials show almost no more profit than Simple long term rentals after paying management fees, higher interest rates necessary for these type properties, increased repairs and maintenance, and faster depreciation.There’s also a personal reason I don’t invest in these properties ( I DO finance them).  

Too bad she'll also strip us of our ability to count depreciation against income and uhh, I don't bankrupt the country even faster than it's already being bankrupted

Over the last ten years, but particularly the last 3 years, values have increased at a far faster rate than rents have.

I'd be able to pay it off faster than my original loan, wouldn't that mean I'm building equity faster?

Yes, you get your benefit faster by improperly claiming this an expense, BUT besides it being technically incorrect it can affect your ability to get certain kinds of financing.

Cameron,One of the faster ways to become cash fluid and have enough to buy a few REI is to get your real estate license. 

Here's a case study on a 6-unit apartment building that shows just how much you can save by breaking down your property into its components for faster depreciation.

Being humble, having a positive attitude, meeting people, and constantly learning new things will make the process even faster.

always love seeing others getting into the RE game early in life. i used to be a die-hard index fund investor & have since moved all my $$ into RE. you just seriously can not compare the two. wealth can be built SO MUCH FASTER in RE vs in the stock market. would love to connect and see how i can help you!

You are providing the seller a convenience1) The deal will not fall through because of financing contingency2) You can close faster than those neeeding financingIn exchange, the seller gives you a reduced price.