Our average tenant stays 12.5 years, which reduces vacancy (an underappreciated factor) and fixup costs to re-rent properties. 

J Scott also has a book on estimating rehab costs.

Age of construction may not be a huge issue if it has good bones and can benefit from a fairly cost efficient "In & Out" remodel.What is stopping you down payment?

Partner Driven financed the N Deerview Dr deal using its own capital, covering the $268,750 purchase price and $60,000 in renovation costs.

If they were the right land/building ratio and made sense to do a cost seg/bonus depreciation, could I potentially offset my entire W2 salary?

Rates will be more volatile and going into a cycle of rate easing by the FED's these rates are set to drop soon which could cost you in interest earnings. 

At a minimum, if you want to shelter W2 income you need to know the IRS rules regarding passive activity losses and the exceptions, and also about the largest tax sheltering deduction, which is cost segregation and bonus depreciation.

He even mentioned a term "sellers concessions" that I guess has something to do with the seller helping out with the closing costs.

Wilmington, NC was also mentioned as a potential investment location.Virginia - Richmond and Virginia Beach were suggested as investment options, especially for an investor located near those areas.Florida - Jacksonville and Tampa were two Florida cities mentioned, although there was a concern about rising insurance costs in Florida.Tennessee - Both Knoxville and Memphis were listed as possible 2024 investment locations by one investor9.

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