Thanks to the Cost Segregation Study, the property investors were able to reclassify the property components and accelerate their depreciation for a total of $356,000 in the first year.The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.

Best of luck to you...try writing down your long term goals and work backwards to best devise a strategy for today.

Check your data. $499k value property with $70k per month income?

Which strategy i should use to find houses?

I'm curious to hear what investors in the Philly market are investing in and how your strategies have changed to accommodate the ever changing world of real estate.Let's talk specifics!

HOA's also have restrictions and some may not allow leasing or using other strategies like short-term rentals of Rent-by-the-room. 

Or what is the best tax strategy in this scenario?

We are moving to our first project of fix and hold using BRRRR strategy. 

There's many different strategies in investing (flipping, long-term rental, short-term rental, BRRRR, etc) and you can learn more about each of these to start to figure out what path is right for you. 

I'm right next door in Gaithersburg.If you don't have a property yet, I'd attempt a househacking strategy.