Further details ...I currently live in California but hold 3 properties in Indianapolis. 

I'm being extra conservative being new. 

Raised the rent on all 4 to mkt rents & the one who was always late paid the extra $100/month & immediately started to pay on-time.

To get the maximum benefit from bonus depreciation you need a forensic detailed engineered cost segregation study to find all the 5, 7 and 15 year assets.Cost seg hasn't really changed with the new tax law other than that the benefits are supercharged due to bonus depreciation.

heynot sure if this is the right subforum, excuse me if it's the wrong one.i'm thinking about investing in a rental property, long term rentals. i'm having troubles deciding what is the best option, a condo or a single family house. a few relevant details - i will be buying the property 100%- i will hire a property management company. worth mentioning also that i am not living in the us.- just to give a sense of what kind of property i'm talking about, let's say the current plan is a 100k property in orlando fl. from what i understand, to pros of owning a condo is that most of the outside repairs are being taken care by the hoa, which means less troubles, downside is of course it will cost me 200-300$ a month (rough estimate, looking at the properties i checked so far) and from what i understand condos appreciation tend to go up less in time.so my questions boils down to the difference in repairs cost:- usually the rule i hear about allocating money to repairs is 1% of the house values. is that value the same for both condos and single family?

If it's an SFR you could technically get a HomeStyle reno loan on it, but that would be a lot of closing costs and other nonsense just for an extra $5k.I'd suggest credit cards or other unsecured borrowed funds -- get it done quick and sell it quick to pay it off. 2nd best might be some sort of equity deal with another investor who has $5k to invest. 

I have a principle of 9K left on my car which I plan on using the extra savings to quickly pay it off so I can have an extra 350 to save and invest.

It really goes into detail about every aspect of building a house. 

In my opinion most people don't have the stomach to get through all of the details and systematize things.

MTM will allow you to skip the extra work and stress (for owner and tenant) of signing a new lease agreement every year when the previous lease agreement ends.