Is there a limit on how big it can be?

You can roll the cost of refi into the refinance itself which will limit what cash you pull out. 

We don't need to "make homes cheaper", we just gotta remove the barriers and special interests that support monopolies, limited competition, centralization, corporate over private, and take things back to middle America, small business, main street over wall street. 

.- you bid on the property with your limited information that you were able to gather. 

We now have rentals and flips all over NE Florida and aren't so limited but that came with more experience and learning more about those surrounding areas.Would love to hear more about what you and your husband's goals are with investing!

I have found excess service calls to be very rare and they have been limited to tenants that were already known problem people (usually people with some kind of pretty obvious personality disorder).

Mid-quarter convention: This applies if more than 40% of the basis is placed in service in the last quarter, limiting first-year depreciation.This post does not create a CPA-Client relationship.

Then we see if the current tenant later decides to extend or we list the limited open period, often at a slightly discounted rate. 

Not only your depreciation is limited, you cannot claim any loss.For 2025, you will have two separate periods.

Quote from @Wilson Pereira De Oliveira: I didn't know about this rent control limits in Berkeley.