I invested in index funds since 18 (38 now), I bought my primary in 2010, first rental in 2019, second in 2021, and closing on third in August.

You have to allocate expenses between the two units, probably close to 50/50, and that includes depreciation.

And here's why:Key Takeaways:1) The market is following the original year-over-year appreciation trendline from 2014 upwards, indicating sustained growth and stability.2) Supply issues in Reno's housing market are once again in focus, emphasizing the need for strategic solutions to address housing shortages.3) Exciting developments, like Tesla's massive expansion to manufacture electric semi-trucks in Northern Nevada, will further strain housing availability, signaling continued demand.4) With increased home prices, we anticipate a ripple effect on rental markets in both single-family and multifamily sectors, driving up rents due to housing unaffordability.For California investors in San Francisco, Oakland, San Jose, Sacramento the proximity of Reno and stability of investments are attractive. 

An FHA-approved inspector will go to the property to ensure each phase is completed before you get the money. 4) The renovations/remodeling must start within 30 days of closing and be completed within six months. 

We are about to close on our first property, so we'll see what happens.

I think what appeals to Sacramento is the proximity comfort to Bay Area investors.

They do so with the mindset of writing 100 offers, to get 10 motivated owners engaged, to get 1 deal closed.

I like Christiansburg for it's proximity to the Blacksburg activity, but not the price!

A mistake made by many is they purchase a home that has a senior exemption and after closing find out that as an absentee owner the low property tax they had vanishes.   

We have closed a few subto on our own and a few with partners.