Does the cost have to be out of my pocket to depreciate it over its life?

I'm a health care professional and earn pretty good income.

That may or may not be a new build, likely not.The beauty of buying the existing older home is that your inspection will uncover needed repair items and life expectancies of your capital items.

And I guess learning thru books and hopefully later thru real life will make me better.As for my assumptions, yes I'm sounding a bit niave.

If it's your first time, deleading can be a difficult and expensive process to learn so educate yourself beforehand.Don't hesitate to reach out to me direct if you want me to share some of my experiences or need some direction.http://www.mass.gov/eohhs/gov/departments/dph/programs/environmental-health/exposure-topics/lead/frequently-asked-questions-about-lead.html

The restaurant on a ground floor is probably stuck there, attorneys can move in a heart beat as location may not be an issue, same with insurance, accounting and health admin.

Get a Kindle or the Kindle app on your tablet and read like your life depends on it, because your financial life DOES.

Heck, if you're passionate about investing, working hard, and life in general, I'd like to connect with you regardless of where you're located.

My net is significantly less due to numerous pre-tax expenses (Daycare FSA, Health FSA, retirement, etc etc) we gross around $56,000, a large difference from what I first posted.As far as SFH vs. multi-unit, I can certainly understand the desire for multi and the increased cash flow, however at the moment I don't feel we are up for the task.

Better to ask a dumb question and look dumb now than find myself looking dumb in a real life situation.