Keep in mind that majority of longer term investments normally offer equity.

Since that time we have been selling off our SFRs in favor of multi family investing.I would encourage you to check out Lifestyles Unlimited we have been members since 2011 and I know of no better place to get around successful like minded people.  

Clearly, the legislature would not half added this halfsentence, if it didn't have in mind a scenario where 21 days have passed since the tenant vacated, but the lease "expiration" has not yet happened.

It's just a bit cost prohibitive on smaller properties, and the IRS doesn't mind if you just do it the easy way (the incorrect way) and use straight-line depreciation since that results in overpaying taxes. 

I'd like to meet the guy who came up with these % rules....Your capex ("major improvements") budget is a function of the age, the condition and the replacement value of them home.

I am going to an extended family function in LA & SoCal.

As you move forward.... keep in mind that tenants who enjoy where they live, can afford the price, and are pleased with how the property is managed, are likely to stay a long time.

Consider the local rental market - will a functioning pool allow you to get higher rent, or a better tenant?

Keep in mind it works backwards as well.

I stumbled upon this site and figured I could gain a wealth of knowledge from like minded people and hopefully meet and network as well.