If the deprecation from your cost seg is listed on the schedule E of your tax returns, that can be added back and used in the rental income calculation.

I did a quick look on the property and noticed there is a creek running E/W through it. 

Hi Jagger, I have found value investing in Cleveland, OH because it is home to Cleveland Clinic, lot of good neighborhoods, landlord friendly laws, stable appreciation and good cash flowing properties.

Sin e you mentioned fish and swim you must plan on being close to a body of water.

A dependable tenant is someone who:Has stable employment in a market segment that is very likely to be stable or improve over timePays all the rent on scheduleTakes care of the propertyDoes not cause problems with neighborsDoes not engage in illegal activities while on the propertyStays for many yearsThere are many tenant pool segments in each market.

E g “paint bedroom 2” and “resurface cabinets in kitchen” and do this bullet point style. 

Quote from @Scott E.: Quote from @Jerryll Noorden: STOP!!

David’s new thing is househack a home every year for 10 years and you will have a very stable foundation to then invest in riskier deals. 

It is also a very stable market and a next-largest hub for immigration outside of GTA.Let's connect, perhaps we can learn from each other!

Memphis is a great market to invest in as we have a high percentage of renters in the area, good cash flow, and pretty stable appreciation as well.