Carrying costs in purchase and or rehab is financed, cost of capital on refi, re-recording, title, updated insurance, etc. their are many costs at play after initial funding then to transition long term unless your straight cash on the front end.

If you have people cutting you large six digit and 7 digit checks, I keep my ears open to hear what they are saying.

I love that you are straight with me. 

For us, we do batch showings instead of individualized showings; it cuts down on labor cost of having constant showings and it actually incentivizes competitions among the "applicants". 

Therefore, the reason mortgage rates have gone down 1.5%~ or so over the last three months is due to the bond market pricing in this cut and future cuts.

I currently enjoy my full time job in health care, but would love to cut down on my hours in another 5-10 years.

The Due Diligence deposit is non-refundable and goes straight to the seller.

Any hurdles or was it fairly straight forward?

The ones I manage total to 20 bedrooms.These rooms rent for between $125 to $225 per week depending on room size and amenities in the room (beyond basic amenities may include: Desk, Tv, private entry, tenant controlled AC, additional storage).This month after padsplit takes their 14.25% cut of the revenue I am recieving, from the units I own, $15,230 from 3 homes.

By default depreciation is straight line taking a flat amount per year based on the expected life of what you are depreciating.