2. there was a noted fire in the attic with pictures.

Look for properties in areas with high rental demand to maximize your potential income.Renovation: Invest in renovating the basement to make it suitable for tenants.

The purchase price is $410K.Should I go for 15%, 20% or 25% down payment, taking the current high interest rate situation into consideration?

Interest rates are really high compared to those of recent years.

And we live in CA so our tax rates are high.

Therefore the property types that are the most favorable to generate bonus depreciation will be those with a high degree of what the tax code refers to as "land improvements".

Or, a place where lots of new houses are being built might give you an indication that its an opportunity zone or in high demand.Smart Steps to TakeLook Back in Time: Use Google Maps to flip through images from different years to see how things have changed on and around the property.Spot the Signs: Keep an eye out for things like construction activity, nearby abandoned areas, traffic velocity to understand how things have developed over time.Predict the Future: Knowing what’s happened before can help you guess what might happen next.

I am patiently waiting for prices to drop for no other reason than the market stagnation due to high interest rates.

We are currently trying to book high-season months 2-4 weeks prior to check-in because we see the highest rates this way.

@Allen Berrebbi I use FreedomSkips.com same high quality data as Batch, NeedtoSkip, and SkipGenie without the high prices.