But, thats another issue since you are taking in rents.Yup, depreciation is a "lemonade from lemons" sort of story... 

You can pick whatever is easier or more beneficial.Deduct the actual expenses like gas, insurance, lease payments, repairs, oil, car washes ORDeduct the standard mileage rate (65.5 cents per business mile for 2023, 67 cents per mile for 2024)Both methods require you to keep track of total business and personal mileage.If you deduct actual expenses, you can only deduct the business use percent.If you deduct the standard mileage, you can only deduct the business miles.

Took away accelerated depreciation, S&L crisis, oil issues. 

Hard for me to see how we navigate all that unscathed (and there’s more- rampant social media misinformation, bitcoin, US dollar as reserve in question, China autocracy, and of course there’s still the Middle East…and oil.)So if something big happens you have the option to cower and cover your head, knowing you have access to more emergency heloc funds, or go big and bold and make new investments in unprecedented times. 

In Little Rock it runs like an well oiled machine.  

That is why making sure you have a detailed checklist so when you do get that commercial property you have a team (management, service vendors, etc...) that you trust ready to go so it is a well oiled machine with no hiccups when ownership transfers

@James Lemon very nice!

Apply to any person who engages in such activity on behalf of a corporation or governmental body, to acquire easements, rights-of-way, leases, permits and licenses, including any and all amendments thereto, and other similar interests in real estate, for the purpose of, or facilities related to, transportation, communication services, cable lines, utilities, pipelines, or oil, gas, and petroleum products;6.

One person here recommended oil-based paint. 

First because a lot of property managers are lemons and second because you should understand what is involved in managing and running properties - farm it out after you have learned yourself.