Purchase price: $295,000 Cash invested: $200,000 My first fix and flip at the ripe age of 19 years old!

The likely cause is related to the age of the home and the presence of expansive soils in this region.."

internal migration from places like New York etc has been driving the population growth, mainly of people of retirement age.

Ages, locale, wages, savings, etc?    

@James Ryan, if you are married, and your spouse doesn't work (e.g. stays home and takes care of the kids and actively manages your rentals), might qualify for REPS and then you'll be able to apply all your passive deductions/depreciation/losses to your active income.Plus, with a CSS you get Partial Asset Disposition (great for big replacements)  and Adjusted Depreciation Basis (morbid benefit, but potentially excellent depending on your age and exit strategy).Here is a diagram to help you in your CSS/REPS quest:https://drive.google.com/file/d/1PbTTtht-VF_irUPh4D7qRgpNqkl... 

I would prefer to see some kind of verification option that gives a visible marker on an account, such as a badge, that shows that the account holder has been vetted to not be a bot or a clown.

Here are typical costs (for Las Vegas) and useful lives:Water heater age is easy to determine, since the manufacture date is stamped on the unit.

Quote from @Bryce Jamison: @David Greene talked about this recently on his new podcast.He recommends being an overall real estate professional so you can make money in numerous ways and in different economic climates, and more importantly, you can help folks in all stages of their life and with all their real estate needs.Sometimes your helping folks find a good handyman, sometimes you're renting them one of your units only to be their agent later on when they're ready to buy, then maybe you're giving them house hacking tips after they buy.I can’t disagree with that, although in this age of almost unlimited information, I believe in the need to specialize.   

We are on target for retirement for our age and at least $250,000 in equity in the 1st house on top of that. 

I am sure those that have met him, will say his is an older middle aged gentleman that has greying hair.