Effectively, you would claim depreciation for a portion of the year depending on how you set things up initially during the year you purchased the property.

I had my short list of 3 cities to choose a property in, and then curiosity got the best of me, I analyzed 5-6 more places and now I'm lost in the weeds again.

So, the clock should start when Title is transferred.Obviously, if it takes some time to transfer you can build up some appreciation depending on market conditions, and good to know especially for the heir to sell in a timely fashion to take advantage of the exclusion.Good luck.Good luck.

Everyone has a different perception on the different asset classes.Just depends on how you where born and bread 🤷🏻Someone living in Beverly Hills would call my "B class" a "Z Class" lolI consider B class in Toledo to be as follows:1) Good infrastructure supporting home owner and tenant demand (Schools, colleges, hospitals, medical centers, larger employers, etc...)2) Employed tenants that are sophisticated enough to pay rent online.3) Well kept yards, no bordered up homes, pride of ownership in the community.4) Mix of home owners and investor owned (Leaning more toward home owners)5) Lower crime rates and some upside potential from an appreciation standpoint.6) Entry sub $100,000 with 8-10% net returns on cash investments.Every market has different numbers and cashflow expectations Much success

@James Landeau Some people will say it’s ok to buy a property with low or no money down and depending on the numbers it may be fine.

Nevertheless, whatever market you choose, I advise you to have a proper team in place before buying a property. 

One thing you might also consider when choosing a place to invest out of state is; After you have property there you can visit the area for business and a have tax write off.

In this case, it ultimately depends on the specific policies of the apartment complex or landlord.Some landlords may consider the overall average credit score of both applicants, while others may require each individual applicant to meet the minimum credit score requirement on their own.

@Troy Smith Advice on those markets would really depend on what you are looking for as your first investment.

And depending on the locality, some only allow you to act as a GC on your personal residence, not on investment properties.