Bonus points if you are out of state and have MTR in Birmingham. 

Turns out a few minutes later the book says there is already a flowchart provided in the book bonus content (the 33 forms) that outlines this process.I looked around the files for this but couldn't find the flowchart.

The bonus to this strategy is you could use a 10% loan and purchase as a second home.You could go conventional route and do 20%+ down and use it strictly as an investment, possibly replacing an income with the revenue.

Although, if you are buying it for your family to use and if extra income is a bonus go for it!

Double bonus points for the final pompous "e" and the Middle-English spelling of "main"!

Not to mention, higher wear and tear, and having to provide high quality furnishings and other bonuses.

(Aka you take appreciation out of the equation, would just be a bonus since we are looking at net yearly income)

If your area will support the addition and the return is there, that's a bonus added on to using the space for your family. 

Here is an example: Last year we did cost seg and bonus depreciation on 4 new assets and on a $100k investment our investor saw a $73k loss, $76k loss, $82k loss and $118k loss.

We got into Bethlehem and Easton years ago because we did see the real signs of change -- and now only wishing I had bought more . . .When you choose right today, the bonus in 5-10 years can be incredible.