Some common items: HVAC, roof, electric, interior updates, plumbingComparable rents vs.

But if you claim this on your tax returns, and your tax returns are used to qualify for future properties, then those depreciation items are added back to your qualifying income. 

Many ways to go about this.....PM me I’ll give you a good place for you to learn about master lease agreements in details.

What details am I missing to make a more informed decision?

In my daily browse of real estate sites I noticed this. https://www.realtor.com/realestateandhomes-detail/...It appears to be a converted barn or a house that looks like a barn for $80k on 3/4 acre.

In addition to knowing maintenance and occupancy rates (since this isn't a new build I assume it already has tenants), you also need to know the age of big CAPEX items (when will you need to replace them) and what exactly was done to make it 'turnkey'.

In my daily browse of real estate sites I noticed this. https://www.realtor.com/realestateandhomes-detail/...It appears to be a converted barn or a house that looks like a barn for $80k on 3/4 acre.

You can PM me if you're interested and I can get the details to you.

There is a ton more we can outline regarding details in Items 1-6, as well as, further actions beyond #6. 

@Devin Mann they don't explain the holding costs in detail, because it will vary depending on the lender you use.