Anyone with money and willing to spend money on rent won’t live past exit 6 and even then Macon rd area is getting bad too. 

For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

Also, the insurance companies are fleeing Florida so I'm definitely not making as much as I would from selling while things are still good.Talk me off the cliff or push me over please.

I like 3/2 brick or block houses (so I don’t have to paint) and are in the sunbelt (Specifically TX and FL markets with growing populations over 100k) because I don’t want pipes freezing, since we started investing while we were overseas.  

so my first out of state investment property is current $7000 over budgets and looks like I have about another $8500 plus materials to go. thoughts?

I have done a ton of research and spent quite a bit of money getting consultation from lawyers and CPAs over the past few months on how to do this correctly.

I’d be happy to jump on a quick call to go over your plan and planned budget to see if you’re on track or if there’s any strategies you may have overlooked.

However, we're having doubts because: 1. we wouldn't be able to afford the PITI on our own for longer for >6 months without the help of rents, so we're depending on the house hack to be able to afford this house, but not sure if that's a bad thing or not and 2. not sure if this house is too much house for us financially and we're in over our heads about what we can afford.We've been super excited about this place until we realized the issue with the illegal basement and now we're overwhelmed with the thought of potentially not even moving forward with the house.

Ive been on BiggerPockets for over a year now, browsing & reading posts, but I never truly realized what an amazing tool it is until I actually purchased a home.

I'm looking forward to spending time there because it reminds me of a vacation spot at https://santafe-vacationrentals.com/airbnb-santa-fe/.