Do you have the cash to rehab a property on top of the 20% down payment and closing costs?

Hey Mario, yes out-of-state investing can work well especially if you're in a high cost of living area.I invest in Detroit and live in California.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

If you were to do a cost seg on a new property, you may just create more passive gains rather then active which you mention you are after. 

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They would most likely use your liquid assets (cash, stocks, retirement account) to qualify to make sure you have enough for downpayment + closing costs.

Lead free is a different inspection and costs more.

However, one rental covers the cost of the dues ($800 give or take). 

I think you’ll be able to write off the costs of going after the rent but not the missing rent.

i.e 500k (400k building+100k land cost),  with cost segregation average 400k X 20% = 80kcan 80k deduction be applied as depreciation, against his w2 income from a salaried position?