Appreciation tactic is a tough one to start with as markets can stagnate, and you end up with a property that ends up costing you maintenance, but only covers the mortgage or is negative. 

I have recently become incredibly interested in real estate and have been studying up in all my free time for the past month or so.

However, there is a tax deferral strategy that could accelerate your depreciation, keeping more money in your pocket today, known as cost segregation.A Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.

I find that they actually offer more than some other programs at a fraction of the cost. 

This should include down payment, closing costs, potential rehab costs, and a reserve for unexpected expenses.Market Research:Choose a Market: Decide on a market where you want to invest.

@Ahmad Moore    Do you have current financing on the property or own the property free and clear? 

Partner Driven financed the Linda Street deal using its own capital, covering the $200,000 purchase price and $34,000 in renovation costs.

His cost basis at that time plus any extra amount he spent would be his new cost basis.

Have you seen a positive impact in your STR besides the initial cost savings? 

So please feel free to reach out!