When looking at real estate all assets classified as 15 year land improvements and 5 or 7 year personal property qualify for 100% bonus depreciation, meaning you can deduct their entire cost in year 1 instead of spreading that deduction out over 5, 7 or 15 years.

I'd like to meet the guy who came up with these % rules....Your capex ("major improvements") budget is a function of the age, the condition and the replacement value of them home.

I have been searching for multi-family houses in my general area for a while and it is tough to find multi-family houses to house hack in decent neighborhoods.

Here are some recommendations for you:Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/usersSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: https://www.biggerpockets.com/podcastIf you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

What book suggestions do you have on home improvement/DIY rehab?

That could be a great way to find and stay engaged with local investors, realtors and opportunities. http://www.biggerpockets.com/alertsYou can also search for other investors or brokers in your market and follow their journey on Bigger Pockets here: https://www.biggerpockets.com/search/usersAnd of course, be sure to subscribe to the podcast - so much great info there and also full of inspiration.

@Justin Wotton  I agree with @Dan Smith For the 1st part of your question I can speak from personal experience: it was a HUGE help for myself to get licensed, get involved with some deals, experience first-hand the process from search to closing before purchasing my first multi-family.

Dear folks,Other than realtor.com and sleeve or pocket listings (or your own realtor) which site (s) do you go to multi family searches in Canada?

That could be a great way to find and stay engaged with local investors, realtors and opportunities. http://www.biggerpockets.com/alertsYou can also search for other investors or brokers in your market and follow their journey on Bigger Pockets here: https://www.biggerpockets.com/search/usersAnd of course, be sure to subscribe to the podcast - so much great info there and also full of inspiration.

I have searched for this answer(obviously not in the right place).