I’m here to learn as much info as I can to begin investing in real estate.  

Imagine you bought a property for $2M.The land (excluding any structures) is valued at $400K.Since land is not depreciable in the eyes of the IRS, we subtract the land value from your purchase price to get your depreciable basis.Your depreciable basis is simply where a cost seg engineer starts from when allocating your eligible assets into either 5, 7, or 15 year property.In the scenario above, your starting basis would be $1.6M since your basis = your purchase price - the land value.Having an accurate land value is essential to getting your depreciation/bonus depreciation calculations right.This is the starting point for any cost seg study that you do.

Sounds like a good deal and you must be handy to have done all that work.

Should I still try to undercut competition?

I am eager to explore the opportunities that real estate investing has to offer.

My goal is to create cash flow and gain financial independence to where I can leave my full-time job.

I've talked to TransUnion four times in the past 3 days.

Welcome to BP, Josh!

They're practically giving them away compared to 2021 prices.

I would be inclined to not hold on to a cash flow negative property, I see our costs only going up.