If it comes time to sell a physical property, I want to have accumulated as little passive loss as possible to avoid trapping the loss in a 1031 exchange.To give a concrete example, if I buy a 200,000 house with a land value of 40,000, I depreciate 5,818 per year (assume cash flow is small due to buying the house with a mortgage).

The reason I am searching for a property here is due to my girlfriend's and my job being in Overland Park (her in corporate woods and I in downtown OP).

I feel like being physically present for my first investment is very important.

I'm a traveling physical therapist looking to transition out of working in the clinic and treating patients in the next 2-3 years by building passive income through real estate!

Not all REI is about owning physical real estate directly.

Automate It: Getting someone to physically bring in a paper check once a month for a house they lived in 2 years ago is a large favor to ask.

@Bill F. is a 100% right on this, the reason there is such a big disagreement here is people aren't talking about the same unit sizesAn estoppel is not proof that rent is being paid its just proof of what rent is supposed to be paid (physical vs economic vacancy), it protects you after the sale so residents cant say their rent was lower than it actually is or they have special privileges they really don'tDon't wait until after you buy to find out who has actually been paying.

I am trying to put an offer together for a self storage facility that is currently 79% physical and 70% economically occupied.

We have a prospect looking to sign a 5 year lease for space on the first floor for physical therapy.

@tyler mundy  Are you referring to comping NOIs or are you comping physical property criteria (unit count, finishes)?