They seemed very pleased with my presence and willingness to improve their units. 

I did so, so I could put more time and energy into what I'm working to accomplish and I'm eager to get some feedback on how to improve it. 

When it comes to real estate, here's a general list of eligible assets and their depreciable lifespans that you should know: Residential Rental Property = 27.5 yearsThis includes any building or structure where 80% or more of its gross rental income is from residential units.That means:- Apartment buildings- Single-family rental homes- Duplexes, triplexes, and quadplexes- Mobile homes (used for residential rental)- Any kind of residential lodging facility where the primary purpose is long-term rentalCommercial Property = 39 yearsThis includes non-residential properties like:-Office buildings-Retail stores and shopping centers-Warehouses-Industrial complexes-Hotels and motels that do not qualify as residential rental propertyLand Improvements = 15 yearsThese include sidewalks, roads, fencing, some landscaping, and parking lots that are separate from the building.Personal Property = 5 or 7 yearsPersonal property used in a rental activity usually has a 5 or 7-year life.This includes most furniture, appliances, carpeting and various machinery.Qualified Improvement Property (QIP) = 15 yearsGenerally, this includes any improvements made to the interior of a non-residential building after the building was placed in service, excluding elevators, enlargements, and the internal structural framework.Computers and Related Peripheral Equipment = 5 yearsVehicles = 5 yearsNote that land itself is not depreciable.

The key is to buy a little deeper and focus on value adds that really move the needle, like layout improvements or adding a bathroom.

So I pulled data from 40 properties my team has owned or managed in Florida between 2015 and 2025 — and compared it to Zillow’s Home Value Index.Here’s what I found:Zillow shows Florida homes up roughly 13% per year over the past decade.Our 40-property sample averaged around 15–16% annually, with the top performers hitting 20%+ a year.That extra 3–5% doesn’t sound like much until you realize it compounds.

Quote from @Charles Kennedy: Is it worth starting out with smaller non-performing notes (under $50K balance), or do you only really see value when you scale into larger pools?

I can build cheaper than buying similar, no unknown issues as I perform most of the work, and have 12%-16% CoC returns a year after completion.

Even then there may not be coverage unless the city forces you to remove the improvement. 

Are you noticing any trends in neighborhoods or property types that are performing better?

My company purchases non performing loans from banks secured by commercial real estate with high equity.