I am in the middle of closing on my first piece of real estate ever!

Seems like there's a million options, so I'm trying to set my compass and then can always change course as needed.Thanks so much!

came here to point out what others have: the regulations. i'd encourage you to look beyond a 45min flight, because there really should be no reason you'd ever have to go there if you're running it like a true business & have a great team in place! 

I am new to the concept of bonus depreciation and trying to get a better understanding.

We thought this would be great because he already has a rapport with the current tenants and we don't want to make major changes since we will be soon increasing the rents after some capital upgrades. 

It has been rented ever since.

Has anyone ever converted a master bedroom?

I'm in the process of closing on my first ever home purchase in the City of Roanoke.

You'll get a lot of opinions on here, going both directions..Personally, I am ok with zero or little cash flow (but not negative) ONLY IF the asset will certainly appreciate nicely, and within a  period of 2-5 years (just my own rule)But I don't like the concept of having your other assets cover this one, each asset should stand on it's own.Just my $0.02....

I could find the best deal ever with 50% returns but if I can't communicate the deal clearly and explain the risk to investors, you are getting no money from them.