Set your investment goals, like property type, target markets, desired returns, and risk tolerance.

., 17.5 years remaining for residential property).New Schedule: Simultaneously, start a new depreciation schedule for the additional cost basis attributed to the replacement property, following standard timeframes (27.5 years for residential, 39 years for commercial).Option 2: Treat as New AssetCombined Basis: Treat the entire cost basis of the replacement property (carried-over basis + additional funds invested) as if it were a newly acquired asset.Single Schedule: Depreciate the total cost basis over the standard timeframe for the replacement property type (27.5 years for residential or 39 years for commercial).If you choose option #2, you need to file an additional form (4652) with your tax return. 

You'll likely start to gravitate towards one type of investing based on your personality, then double down in that area. 

What made you interested in investing in this type of deal?

What made you interested in investing in this type of deal?

Do a bit of research on the type of financing you'll use which can determine how much % down you're going to need.

Hey Richard - What types of properties / strategies are you looking into.

What made you interested in investing in this type of deal?

You can use this tool to figure out that part: https://docs.google.com/document/d/100dRzu-iQEIZbR1adxIASdH2...Once you have that you should engage a local broker to discuss the options for those types of uses in your market and they will be able to help you understand the overall picture and cap rates of the various options.

What made you interested in investing in this type of deal?