The accouterments of the land could be depreciated, even though the land could not.Or say you owned a surface parking lot, the asphalt could be depreciated though the land itself could not.Or at an apartment complex, the swimming pool, tennis courts, playground equipment, and other improvements could be depreciated though the land it self could not.Somebody I know owns land under a national chain hotel.

Welcome to BP Nation Kendra.

Welcome to BP Nation, your RE related background, particularly the appraisals, will come in handy as a RE investor.

I don't know if there is a "typical" Are you talking about a big national bank or a local bank with only a few branches?

Many of us now have clients nation/world wide.

Many of us now have clients nation/world wide.

Connecticut has some of the highest property taxes in the nation, which will take a sizeable chunk of your cash-flow.Good luck with whatever you choose!

The universities and the cultural institutions of the east side drive rents far higher than the west side. $1200/mo for a 2 bed apartment in a (very) desirable east side neighborhood is normal and expected--an equivalent (very desirable) Lakewood apartment is nearly half that.

The $100 covered MLS fees, E&O fees (about $9/mth), and local/state/national realtor fees.

My license in in IL so that state part will be different, but the National exam is almost all laws.