. ($20k 5-year asset = $4k deduction per year, times 5 houses = $20k deduction a year for the first five years, separate from property depreciation altogether) This process will save me a couple thousand dollars at least, and will probably be the deciding factor in whether or not I can afford to purchase another investment property.More cash flow now is more important than paying taxes later, all real estate professionals know this.

I could afford to own both houses with the 'rental' being vacant indefinitely.

Someday when I can afford a highend sports cars, I will still drive a family car to showings or appointments.

What are the odds that you both arrive the same time and are pushing the same product - come on now!

How much can you afford to spend on a home?

Then I started to research the difference between the two, and found very little, and was afraid to do any birddogging.That piqued my interest in RE, and the license was affordable, so I went for it.

All I'm saying though is the younger you are, the more risk you can afford to take.

However, I can't afford to... literally.

Insurance is also affordable at $168/mo for hurricane/fire/hazard and liability for the entire property (3 duplexes, 6 individual units).

If it didn't pay my bills, I wouldn't have the time to give them vital information because I have to eat.We live in a capitalist society, and we each survive by providing some type of information, service, or product that will help someone accomplish something, and we do it for a fee.