The adjusted cost basis would be your purchase price, plus capital improvements, minus depreciation, like what @Josh St Laurent said.

Main benefits to 20% down are:- you're more likely to cashflow - the loan may be easier to obtain and can close faster than FHA- sellers can be more intrigued by higher down payment offersMain benefits to lower down payment househacking:- start building equity sooner vs. waiting to boost savings- could get a lower interest rate - lower loan requirements vs. conventional*Speak with a lender to confirm best options for your situation and future goalsAll the best!

But I also see so much value in our market for investors, and I’m excited to dive deeper into that side of real estate.Listening to seasoned, well-versed agents recently sparked my curiosity, and I’ve started picking up the lingo, doing research, and realizing just how many benefits there are to real estate beyond appreciation.

What I’m not as strong in (yet) is handling the backend side of deals— analyzing deals,  structuring contracts, etc.I’d love to find an investor, wholesaler, or small team that could benefit from having someone focused on lead generation and phone work.

You can start slightly above market and adjust based on demand.

If it is for inspection reasons, then ask for the reports and then adjust your price.

@Ganesh Rao, @Karolis Matulis is right, specifically:If your adjusted gross income is over $150,000 and you or your spouse do not qualify as real estate professionals, then you cannot deduct your rental losses (meaning you spent more on your rental investment than you earned in rents, all your properties' income and expenses being netted) from your ordinary income.

Tenants in California are the only ones who benefit from a lease. 

Mortgage rates are determined by the MBS and not the Fed rates, though history has showed they will often follow the Fed rates but most lenders have already adjusted rates in anticipation to what is expected to happen next week.

I’m 30 years old, were there any unexpected terms you ran into with your Heloc like an adjustable rate for example?