Hello,I have a newly-purchased residential rental property, and I'm just now setting up my financial tracking for it.What's the correct number to use as the original cost basis, for depreciation purposes?

Is anyone able to answer which is method is the cheapest.

I now plan to purchase a property here in San Diego that I can rehab and house hack (through buying a multi-family or building an ADU or another method).

Yes this is correct but like I said there are a couple ways where you can pull out your initial cash plus your rehab costs without needing to wait the 6 month seasoning.

I think it is a great long term strategy.However, I am also a value investor and I follow Warren Buffet's methods and I only buy when I see value.

IMO eco tax sends you the documents that will be reported, fill out to the best of your ability to understand them, and then their reps double check what you submitted, and you hope that you filled them out correctly.

I see a correcting and major crime heading towards Sacramento and greater Sacramento county very soon!

It's great to hear that the method works and can be used for multiple properties.What's the thing you remember most about investing in the first property?

I don't think that is correct. 

I'm curious about using the BRRRR method and how the bank preapproves an investor with multiple mortgages.