Your depreciation will actually start in the month and year it became "occupied" as a rental, based on the original purchase price, minus land, plus whatever capitalized items you did to prepare the property for rent.

However, the specifics can vary based on your lender and the terms of the sale agreement.

What's up Jad, I'm 24 and a broker based in Sacramento.

@Caio Ferreira TorresHouse hacking a new every year is a best base scenario, but it rather difficult for all the points already listed.

I wrote a book called the Turnkey Revolution in 2017 and based a lot of it on advise I've given here on BP.

I guess the key question is will you be using this property as a 'home base' throughout your nomadic travels and how long would you like to keep this property as a home base? 

I am thinking the following:This would be a wrap around mortgage as I still owe $165k on it.Sale Price $245k (market price)10% down ($24,500)10% Interest 30 year (please tell me if thats a bad idea)Monthly payment based on 30 yr ($1930/mo + tax and insurance) = $2448/moPlease let me know if i left any pertinent information out.Any sleuths out there can check it out. 🤓 (1032 E Tucker St Fort Worth, TX 76104)

Based on what I see we'll get more like 3-4% this year on single family in most areas.   

Demand for short-term rentals is based on emotions, the allure of this view or that amenity or this undefined "feel" or "design" of a place.I'd love a pamphlet that says simply, "Hot tubs increase gross annual revenue by $22,000."

After all, I paid county taxes based on that.Or, if we were mandated to use the acquisition cost (195K), shouldn’t we apply the same percentage to it (as in 78% of the purchase price)?