I'm not well versed in the tax code by any means but this whole depreciation thing seems like something that applies to some people based on individual circumstance but the gurus preach it to the masses.

They are willing to give the lock box code after I have sent over a photo ID. 

How did you decide which neighborhood/street/zip code to start with?

The underwriting is strict, and your experience level and ability to perform will be scrutinized.

Good call on looking into rental restrictions early — many condos have strict rules, which could limit your options if you plan to rent it out later.

Overall, the 78726 ZIP code ranked No. 21 among the hottest ZIP codes in Texas. 

I recommend that you learn the tax code and take ownership over your strategy.Not having some foundational knowledge and an opinion on how to approach taxes as a business owner is a huge mistake.In my experience, every single business owner who says "I just let my CPA worry about it and I focus on my business" is doing a suboptimal job at tax planning.They are likely missing out on 10s or hundreds of thousands in saved dollars every year.Stop making excuses and get to work.Just a few months of part-time learning about taxes will pay you for the rest of your career.

Quote from @Dongzi Wu: SEC Charges Self-Proclaimed 'Queen of Mobile Homes' and Three Salespeople with Fraud in Mobile Home Investment Scheme This is code for investors money is gone unless there is some bank account somewhere or there are assets.. these deals never end good.

You can also look on the city's website under their construction code.

@Isadore Nelson I'm currently seeing 154 available rentals on Zillow in the 19119 zip-code, ugh... is exactly the wrong way to analyze a neighborhood, lets use the 19119 zip code for this exercise: Did you know the 19119 zip code is ~ 3.5 Square miles?