@Kyle M.What you are likely referring to is that with real estate purchased outside of a tax-sheltered vehicle, depreciation can taken be against taxation on income.

MY INVESTMENT GOALS:I invest in traditional investment vehicles as well.

. :)  Section 179 is a good accelerated depreciation for vehicles/equipment.

"I thought the high *** grass with broken down vehicles in your yard and torn sheets hanging in your windows was particularly attractive."    

I want to call the shots in my own life and be my own boss, and I believe real estate is the vehicle that suits me best.

You will sign a statement stating that you agree to live in the property for at least 12 months.It's not meant as an investment vehicle.

I saw income growth as the path to a "better" vehicle or "better" widget I'd barely notice was improved.

I have always had more faith in real estate as an investment vehicle than say the stock market.

It's slower but if you could get 7%ish on your passive vehicle without a capital gain tax bill then that would be more than $2600/mo to dump on debt.Another stodgy but sure way to get where you're trying to go would be to take a page from Dave Ramsey and other financial planners and consolidate and eliminate debt one of two ways.1.

This was a good read, I just moved here and am looking at vehicles to invest in.