You seem like someone with the same mindset, and drive that would be a good partner to achieve a common goal. 

Most common I see is a multifamily buyer instantly wanting to go in and rehab units without considering YOC.

Maybe some of you here who kept a day job but also generate income from investments can help me understands the basics of this.

When you're just looking to start investing but don't have unlimited capital, I've seen a not-so-common but very successful method of scanning small town, seasonal, or rural markets (off-market preferred) that have older homes needing an easy facelift.

Pros:- Low cost of buy-in / not much needed in comparison to other areas due to affordability in purchase price- High-Cap Rates- High Cash Flows- Stable market / continuing to appreciate- Beautiful revitalization of the downtown- Influx of jobs, employment opportunities - Plenty of renters- New Amtrak service coming- Surrounding neighborhoods are sought after, solid schools, "home team" mentality in most of the towns where people want to stayFor the Cons:- I can't think of any OVERALL cons that couldn't be avoided in working with the right team.

(this approach is very very common for all syndicators who are seeing value add B class properties.

Is there a limit on how much I can make at my w2 job, that would prevent me from deducting depreciation and expenses on rental properties?

One of the primary benefits of mini-splits is their energy efficiency; by enabling individualized temperature control for different zones within the house, they significantly reduce energy waste associated with heating or cooling unoccupied spaces.However, a common concern with this approach is ensuring that areas not directly served by an air handler, such as hallways and bathrooms, also receive adequate conditioned air.

Sure, maybe you'll get lucky...Also, most people are busy with their existing day jobs and lives. 

@Artur A. common issues unfortunately.