If you are doing major rehab where you will GC it yourself, you may be able to use that depreciation to offset active income but even that I am not sure. 

JD, I agreed on 70,000 with condition that nothing major comes up that need replaced or fix, if so we will put that in consideration.

I see things that a majority of the population dont know exist.

Trex is one major brand, but there are others.

I could go into an essay on this topic as I've essentially spent 2 years working on me trying to have a go at this entrepreneurial life...but for me it boiled down to 3 major things. 

Being at the bottom of the proverbial totem pole, I do not think this will have a major impact for many of us.What role will inflation play?

Philly can be a great place to house hack with the low(ish) home prices for a major city in the northeast.

Surface renovations, with no mechanical updates or major issues will cost me 50k minimum.Now that 2% will often be stale MLS listings, that I feel I can get significantly below current list price.  

If I am in Portland, I could house hack a property to live in during the summer but my understanding is that I wouldn’t qualify for an owner-occupied FHA loan since I would not live in the property for the majority of the following year due to school.Is there a workaround to this problem (such as partnering with another investor who would live in the property for a year)?

After all, you'll have to share it with the rest of your co-owners.You have to vote on most major decisions.