I suppose it is possible to do it yourself but do you really want to close on a property without title insurance?  

The landlord can only deduct for actual damages, which can be physical damage to the property or lost rent.

@Matthew Turcotte I would talk to @Sergio Altomare from Hearthfire HoldingsI’ve sold Sergio several self storage properties and he and his team are doing a great job putting together investors on self storage specific deals.

What a lot of people think:Bonus depreciation is only for new properties or acquisitions.The truth:You can retroactively apply bonus depreciation to property placed in service after September 27, 2017, when the Tax Cuts and Jobs Act passed changing various rules.The IRS allows you to claim missed depreciation deductions by adjusting your current year's tax return, without needing to amend the previous year's returns.This is typically done through a change in accounting method using IRS Form 3115.

Quote from @Joseph Elci: Hello All, I am hoping to have invested in my first property before the end of the year. 

Buy a Multi-Family Property: Plan: Purchase a multi-family property and live in one unit while renting out the other.

Due to restrictions in funds I have only managed to till 20% of the land.

We would either keep it as a cash-flowing rental property or fix it up and move in to it and rent our house.

One thing I have noticed is the asking price with it's cap rate, is almost always priced out by the properties POTENTIAL income! 

The property portal’s new forecasts call for national home prices to rise 2% in 2024, and just 0.9% over the next 12 months (now through September 2025).