Depreciate 75% of the building value (excluding land) over 27.5 years for significant tax savings.

Deposits will not be returned (full or partial) until all tenants move out.If Tenant A didn’t come to you to get part of the deposit back they may have gone to tenant B, but they most likely walked away from it and I feel it is between tenant A and B to sort it out.Personally I would return it to tenant B, the active tenant in the current active contract.

Take detailed notes and don't be afraid to ask any and all questions until you feel like you understand the process 100%.  

You need to find a zip code where land values are 10% of less of after built value.

How did you add value to the deal?

Let me also take a moment to thank my parents who instilled in me strong values and the foundation for success!

We have about 1/3 to 1/2 of a down saved at the moment, have a 755 Credit score, and are feeling good.

If the answer is yes, then it's a no brainer to make minimum payments on your 2.8% interest rate mortgage, and use the funds that you would have paid extra to pay it down faster, to either invest in more real estate, the market, or anywhere else where you can get a ROI > 2.8%.If the answer is no, then feel free to aggressively pay it down as fast as possible, to become debt-free faster, and just have a large amount of money in savings or to splurge with.The bottom line is that your 2.8% mortgage is GOOD debt.

Hi Michael, we're a national lender, so if you need financing in either locale, feel free to reach out!

If you’d like to discuss further or share your insights, feel free to reach out to meLooking forward to hearing your thoughts—thanks in advance for your input!