You can always "borrow" or withdraw the principle since you already paid taxes on it.  2. 

I got about $4200 back on my taxes last year because of depreciation, and it felt great! 

If I have to pay taxes on my income, SO DO THEY!

The value around $20k according to the local tax office.

If it is possible, is there anything else I should consider before talking to lenders (namely, any tax implications). 

We have used work bonus payments, tax returns, and inheritances to get down-payments.

I plan on requesting the following quarter report if I offer.Average Monthly Expenses per triplex (maintenance/insurance/repairs/utilities/property taxes/vacancy):$730.50Estimated mortgage: $1,132I plan of offering $200,000 - $205,000 due to two of the rooms not being renovated, roof needing work, and after being posted for going on 3+ months.

She knows about tax lien stuff.

@Yasmin Sharbaf if it’s not new construction, your agent would usually have shown you current tax records including what they list as square footage, especially if that was a known concern of yours.

If I pulled to put on a rental property for around 200k then after property tax, property management, mortgage, insurance I’d probably be cash flowing much less than my 5.5% at the moment.