Subtract all debt. ( IRS debt, mortgage debt, student loans)  If the amount left over is ten million then you would have a net worth of ten million. 

Make your offers based only on what works for you, not what it takes to get the property. 

I'm Texas-based as well, in Austin. 

Then we send a curated list to clients based on their buy box.

We may need to make another trip to go check that market out.No worries, if you ever want more advice on the market , I am happy to offer some of the knowledge based off experience.  

Your depreciation will actually start in the month and year it became "occupied" as a rental, based on the original purchase price, minus land, plus whatever capitalized items you did to prepare the property for rent.

We have about 50 properties under management in Kissimmee and Davenport, and can definitely help you with a step by step guide based on our experience.

Based on the limited info - back of the napkin says not to go any further on the duplex you're looking at unless you have deep pockets to carry it while you wait for the capital gain.

What's up Jad, I'm 24 and a broker based in Sacramento.

While I do not know the specifics of the purchase or exact location, I understand the Philadelphia market well enough to place this property in a lower tier neighborhood based on the ARV Mario shared.