My husband and I purchased some property in Gulf Shores.

Per IRS it says 27.5 years but does that assume if you are purchasing a new single family rental investment and the depreciation needs to match the deprecation of the home? 

I'm looking for an exit strategy , if I did decide to use my heloc to purchase the property cash any thoughts or suggestion on an exit strategy. or maybe something you did, My long term goal is always cash flow.

@Gabriela Angel Congrats on your first of many purchases!

Purchase price: $370,000 Cash invested: $55,500 Fun little duplex!

I think since I’ve became a Realtor I’ve only bought one of the last 10 properties I’ve purchased on the MLS.

Ive lived in Thailand the last four years and have an opportunity to purchase a 30 year lease on a brand new fully furnished eco 1 bedroom at a beautiful tropical location that only gets busier each year.

Worst thing would be to purchase a home and not find a tenant even with section 8.

You can arbitrarily allocate ownership % any way you want on the purchase. 

Most note investors originate new notes or purchase existing notes (sometimes at a discount to principal)..