There was royalty deal on the courses, so I started getting paid royalties and as the company grew, the royalties went up and up.Eventually I was able to quit my regular job from a combination of the rental income, royalties and business income I was generating.I decided I wanted to have passive income so I wouldn't have to work again, so I started dumping all my cash into paying off my loans on my properties.I eventually paid them all off and that's basically where I am now.So,  I had a combination of income I made from royalties on Pluralsight, the appreciation of the rental properties and business income that brought me to the current point.There's more details, but that's the short short version.

Prior to September 30th (the "in service date"), I purchased a new oven/stove, microwave, refrigerator and washing machine.After September 30th (the "in service date"), I purchased a new hot water heater and dryer (I thought I had adequately repaired the hot water tank and dryer, but I had to replace them for the tenant).Questions:(1) May I use the de minimis safe harbor or bonus depreciation for the appliances purchased before the in service date?  

In search of an informed CPA regularly dealing with real estate investors in the Houston area.

There are fewer tenants looking but there are also fewer apartments available so it is generally a wash.

I would say it’s definitely more work, but cash flow is easily 15-40% higher than regular rentals here.

Problem was he didn't bring anything to the table. 

Has he used a PM before or was he self-managing?

Starting with conventional loans: these are the “regular” mortgages that most people aim for.  

The residents have to dismount beds, empty drawers, and wash and dry clothes on high heat. 

He is based out of Atlanta.He is a member of this forum who responds regularly to members with tax questions.Happy New Years and I hope you much success in your real estate investing career!