It will be in addition to the first depreciation.

Start with BiggerPockets Ultimate Beginners Guide (free).

Do some research on whether a single-member LLC (or LLC with spouse) will even be sufficient to protect you.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

A garage conversion, however, may not be subject to the same level of scrutiny.Parking Considerations – Parking is becoming increasingly valuable, especially with the rise of high-density micro-units that often lack designated parking.

House hacking a duplex, even with negative cash flow upfront, is a great way to build equity while learning hands-on.

I'm seeing growth with the STR market where I am at.

Secluded in the woods, but still close enough to town.How did you find this deal and how did you negotiate it?

They may offer a deal that's worth pursuing.

I would like to start connecting with lenders, attorneys, realtors, title companies, and all other professional in the SATX commercial real estate market.