Just wanted to throw that out there as I noticed it hadn’t been mentioned.To answer your question directly, no you do not have to actively manage a property to use bonus depreciation (or Section 179 depreciation), but you may be subjected to Passive Activity Loss Limitations if you generate a net loss.

Have them do a market analysis to give you an idea of what the property would be valued at.

I have a meeting set for next week with an RE attorney but want to have an idea about my financing options both short term and long term.

If that's the case, they're waaay over the limit!

The commercial agent is a great idea.

There was a time when the less sophisticated or those with limited means solely invested in "friends and family" deals.

I'm just short of 30k and recently I have been getting a lot of loan offers should I accept one of these loans to use for a down payment or is this a bad idea?

So feel free to reach out to me with any questions, ideas, whatever you need help with.

I work in tech so I'm naturally gravitating towards areas that have a lot of tech workers (lots of foreign workers renting).Any ideas? 

Definitely a good idea to get this fixed--good luck!