Now the downside...In my area they recently started mandatory lease renewals.

I started out active and found that I was not great at being an asset manager and finding quality property managers was a huge struggle. 

The one combined with the total rehab we couldn't touch, but we zeroed out the depreciation for the 2nd and 3rd tanks when we booked the 4th one. 

If you are looking for someone as excited about this industry today as you were when you first started, that's me.

We've started discussing terms. $90k at 7.5% for 22 years.

I am looking for a rental property for under $400k to start off.

I kept that mindset too long into the higher rate environment and have recently shifted my perspective especially on refinances and here is why:1) To frame this, it is important to first consider the total cost of refinancing. 

Fingers crossed for retroactive application lol@Joshua Thompson totally, I just wanted to update everyone on the status of extending 100% bonus depreciation (since this is also a focus for our clients) and provide a reference to creditable source. 

In short, it’s totally possible to do the cost segregation study and file the form.

Start by reading the Ultimate Real Estate Investing Guide: https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide/introduction2.