I try to have my rentals be weed free (properly remove any weeds), as I have seen some CRAZY weed yards, and simple/clean as possible. 

Of course, that means that your property will need to be prepared properly for this, which means "no carpet". 

For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

Hire a property manager that knows how to properly market the property.

. $40k also sounds very inexpensive and likely unpermitted so just be on the lookout for drive-by inspectors and make sure your contractors have proper workers comp. 

Just do your numbers do them again and again until you know that the deal you’re looking at cash flows properly and that my friend makes it recession proof.

Charles,I like the idea of deferring taxes until death :lol: I plan to enjoy the mula while here!

Hi we are selling a rental property in Charlotte which currently brings in 2000/mo , the house has a market value of 450k. What’s some good areas to buy in terms of long term or short term rental in atlanta area ? Loo...

Ask them direct about short term rentals and what is being discussed.That is a great idea! 

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.