Bonus depreciation allows you to deduct a significant portion of the cost of qualifying property in the year it's placed in service.

It took me about three years, after improving the units, raising the rents yearly and reducing my costs, to break even.

Some will be free...and some will cost. 

As a specialized real estate CPA, I'm here to provide expert guidance on your most complex tax matters, from navigating 1031 exchanges and cost segregation studies to optimizing your rental property deductions and handling multi-entity structures.

I repaired some interior work costing me about 7k and the roof which is about 18k. 

The issue and main cost was the sprinkler system.

I'm paying well over 70k/year vs hiring someone would cost much less. 

@Annwar Zahrieh There are certain transactional costs/ costs of doing business in Philadelphia to be mindful of, but I believe the fundamentals that exist in Philadelphia far outweigh this IF investing wisely.

So needless to say, Im trying to watch a lot of videos and webinars in my free time and put out feelers to see how much a mentor would cost and if it would be worth it.

Will a DSCR lender give me a home equity loan from my (1st SFH) rental property, so that I can cover the down payment + closing costs to assume the 2.75% interest rate on a (3rd SFH) property I would move into immediately?