- Run a cost segregation study on this property in 2024 and you might have $100k on line 18...Without diving too deep on this post - If you run this scenario as a real estate professional while materially participating in the property, You'll be able to reduce your's and your spouses taxable income that year... 

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Do you have Real Estate Professional status?

This strategy aligns well with the buy-and-hold model.Leverage Local Expertise: Partner with professionals like real estate agents familiar with rental markets and property managers who understand tenant needs.

And, those who invest in certain markets today, will, I believe, be rewarded for taking the 1 in 1,000 risk of having a "professional tenant" truly take advantage of them. 

But be prepared because you are probably dealing with a professional tenant.

I'm not as good a professional but the work I did was mostly good enough for us to live in, and the small fixes to make it good enough for renters has been worth trying to do it myself.

That would probably require a professional. 

The comp house will likely be owner occupied by a couple, both with professional jobs. 

You better buy a great place, furnish it well, and take good photographs, not to mention iterate it with professionalism.