Actual numbers post report:5 year property = $42k15 year property = $120ktotal building cost = $204kActual Tax Return ~Married Filing Jointly~$82k in W2 income~$150k in self employed income netting $52k in K1 income~$11k in capital gains from stock market investments~$60k in rental income from Schedule E and $215k in depreciation expenses ($162k from cost seg bonus deprecation & the rest from first year costs / capital expenses)We ended up with an AGI of -$80kNuances & Thoughts - Most frequently, Cost segs are focused on high income investors. 

Property managers frequently encounter the need to repaint walls in more neutral tones to create a universally appealing atmosphere that can attract a wider range of renters.

I deal with operators looking for this type of arrangement rather frequently.

I vacationed pretty frequently in the area, so I know that there are a whole lot of STRs there and its probably one of the most competitive markets. 

We love the Oregon Coast and frequent Cannon Beach and Manzanita often!

Just wondering -- I'm an agent and work with investors from CA frequently.

@Ali Boone I chose those two areas because I live in Portland now, and I'm from Detroit Metro/ Northern Michigan and frequently visit.

This area does have frequent flooding issues.

@Justin Hale @Shaun McQuiston hi guys, I am an agent in the Albany, NY area and I deal with investor frequently.

It sits directly across the road from the public boat ramp (by the way it is on Cedar Creek Lake in Gun Barrel City), 1 block from the gas station that sells Ethanol free gas which boaters use, and close to the waterfront restaurant people enjoy frequenting during the summer.