You now have to pay regular income tax on that $21k (depreciation is sort of an interest free loan), at your income tax rate, up to a max of 25%.That's it in a nut shell......from a non tax professional layman.

Doing this will allow you to recycle your cash as you exit into regular loans on what ever you buy.Example.

Hey @Dominic Pizzi - I like the change of gears, should help generate more interactions ;) My own experience has been investment financing first, then going through the regular consumer route. 

Hi BP family and MF investors,I'm looking for a community to have some forms of meet-up on a regular basis for some of our newer MF investors to hold each other accountable in actioning on building our portfolio and business, as well as sharing experiences and knowledges. 

I honestly don't understand how government manages to lose so much money.I've regularly suggested that at least 1/3 of all short-term rentals are in violation of state law, zoning, HOA rules, Landlord lease agreement, not paying taxes, or something.

It is a regular occurrence to see posts about paying too much for a value add property and not making a decent, or sometimes any, profit.  

Landlord maintenance duties not mentioned ... regular cleaning, changing lightbulbs, regular landscaping, changing filters. 4. 

What are some specifics/pros/cons of investing into vacation rental property as opposed to regular rental?

The catch is that your all cash purchase money will be scrutinized just as hard as a down payment on a regular mortgage.

Fix and Flip and Buy and Hold for regular long term tenants are probably a lot safer.