Here are a few incentives as noted by the IRS:168(k) - Special Allowance for Certain Property (Bonus Depreciation)179 - Election to Expense Certain Depreciable Business Assets Other incentives included in the tax code, however, may reduce the need for a taxpayer to perform a cost segregation study because they give preferential treatment for certain qualifying 1250 property such as 168(e)(6) - Qualified Improvement PropertyHave you utilized either of these incentives as part of your cost segregation study?

It is very expensive though, and for a duplex it's not worth it. 

He has never been late & took in a room mate to help with expenses.

Alot of brokers try to sell people into low (relative to interest rates) or negative cash on cash deals because they convenience the buyer that "real estate goes up".

Not too low either, you don't want to go with someone who is just focused on price as this is a quality of a not-so-great accountant.

Both the Columbus and Cleveland markets are great for investing in from out of state since they are landlord-friendly, and have a low barrier of entry and cash flow.

Here's a simplified and effective approach: Gather Information: Obtain details about the property, including its purchase price, estimated rental income, expenses (such as property taxes, insurance, maintenance costs, and property management fees), vacancy rate, and any financing terms (e.g., interest rate, down payment, loan term).Calculate Gross Rental Income: Determine the total potential rental income the property could generate annually.

Just keep track of all your costs, expenses, etc and at tax reporting time enter all the information.I found it invaluable as a tool to learn more about tax law and play with "what-if" scenarios.

My wife and I are tossing around the idea of selling our current home and buying a duplex, moving into the vacant side so we can purchase with less money down and begin our investment journey.here are the details:Sale Price: $250,000both sides are 3 bed 2 bath with one car garagethe listing says the occupied side rents for $1,100location i would classify as high C low B, mainly because everything around is rentals.2853 Hemlock Ct Cape Girardeau MOThoughts, Advice would be greatly appreciated!

I am aware that Southern California in general is expensive and positive cash flow appears non-existent.