If you hold beyond these time frames, the compounded impact is exponential.Some investors combine cost segregation with bonus depreciation and they don't pay taxes for many years, they reinvest those savings and drive their after-tax returns up.The tax code is designed to stimulate commerce and this treatment gets investors to transact (which generates income for brokers, inspectors, appraisers, agents, title companies, attorneys, contractors, engineers, regulators...the list goes on).

I am 23 years old and would be putting 80% of my savings on a down payment, but will be getting a bonus and a raise at the end of the year, and am also taking on some other work to make extra money.

(money, family, financial freedom, etc.)Second, I would sign up to become a BiggerPockets Pro!

Hi Everyone - new to sign up and wish I would have found this site much earlier than I did.

In our area, I have found most PM companies charge you around $80/inspection and when you signup with them, they have you choose if you want to have that inspection 0x/year, 1x/year, or quarterly.  

Since you are managing long distance I recommend that you sign up and start using a property management software.  

The contract should cover at least:- Parties - Address of the property where work is done- Work start and end dates and if they can be adjusted based on certain events (for example, materials are not delivered on site by the time they are needed, or other legitimate delays)- Who pays for materials and how materials are delivered to the site (request your contractor to provide an approximate schedule for materials/parts/fixtures to be needed on site for install prior to beginning of work)- Price for work and schedule of draws (or at least that you'll develop and agree on schedule of draws prior to beginning of work)- Bonuses for early completion or penalties for late completion- Milestones for the project and your right to terminate the contract if the milestones are not met by Contractor- Warranties on labor- If the permits are pulled and who is responsible for that- How / where Contract disputes are handled - Scope of Work (a detailed version of it is incorporated in the Contract and bth Parties sign it)Happy remodeling!

I tried looking at the REOs in my county and it says I need to sign up for a free trial to view them. 

When I started, I attended a "free" seminar, which turned into a $200 3-day seminar, which then turned into them wanting you to sign up for a $20k to $30k program..Fortunately I wised up at the 3 day.

You can just come to one of the meetings as a guest and then sign up.