This is in addition to depreciation recapture mentioned by @Brian Schmelzlen.Mr.

Thank you @Tracy Streich and @Jonatan Barbera for the mention. 

You mentioned you're into interior design - with your background, have you considered partnering up with investors focused on fix & flips, or maybe even some general contractors? 

Hello my fellow BP Members,As I mentioned, I'm a new investor and my wife and I are currently trying to purchase our first investment property.

If it hasn't been mentioned previously, one area that I often advise out-of-state investors is to be aware of the property tax rate for non-homestead, and factoring in the higher tax rate when running your numbers.

ps forgot to mention, I know a friend in London who got a mortgage from a big US bank for a US property based on a GBP, London-based income.

One of the strategies mentioned is to offer 2-3 choices to tenants so they compare the choices rather than comparing your rental to others in the area.

You didn’t mention this, but when does his existing lease expire (regardless of the notice you presented)?

@Cory J AndersonI should have mentioned that I was mainly referring to the hard money side (since I have more experience with that). 

Both books you mentioned are great books.