Appreciation is an icing on the cake bonus, and depreciation is a temporary setback the market will fix for you sooner or later.

I enjoy activities, such as hiking, kayaking, bowling, and playing pool.

., I also think this is part of a power play on their part.To those that are still with me, I hope this was interesting reading.

Since this is a first property, I'd like to play it a bit more conservatively, which (I think) is why the cap rate of 4.79% is lower than ideal.

However S179 and bonus may be available to accelerate depreciation.

I'm trying to learn to evaluate a deal by playing around with numbers with bunch of properties. 

With no mortgage, you should not have paid doc stamps - it's a title play not a sale.Then the Quit Claim:  it costs $10 to file the one page document; an attorney would charge $250 to complete or you can do it yourself by downloading the form.Titling. 

Also be aware that reviews and listing quality plays a major role in how much you can charge for a property.

@Jerry Puckett I think (that can be dangerous) that the OP is buying this wholesale, not wholesaling the deal.If this is something you want to manage on your home then I would simply play it by ear. 

I have one from Chase and one from Barclays, both of them had good sign up bonuses and both don't report to your personal credit after the initial approval.For taxes the LLC doesn't matter anyway, it's disregarded and the rental income and expenses all go on Sch E of your personal tax return.Good luck!