Please do not come to Wisconsin, buy distressed properties, not fix them up and then let them go in to foreclosure.

First, the easier one right now, buy low. 

It could be a great project. There are so many folks that would probably benefit from it that are new or who might simply be interested in such a thing. I don't know if this is self promotion or simply an education. 

I focus on long-term relationships and genuinely helping people make the right decisions.Wishing you the best with your investment in Mexico!

Great quick breakdown of a concept that many mistake, and great question above, Jaron.Depreciation on a property doesn’t start the moment you buy it or when it’s sitting vacant, it starts when the property is “placed in service,” meaning it’s ready and available to be rented like Michael mentioned above.

My husband and I are thinking of investing out of state and were considering buying through Roofstock. 

@Rosie Geller let me start of by saying I was in IT including live broadcasting of International tennis tournaments, so I have experience in security and security cameras.The problem with using security cameras are:- the resolution at night usually isn’t good enough to make identification unless you buy REALLY good cameras which will cost more then the AC unit you lost.- even if you get an alert, the response time of police isn’t fast enough and your equipment is long gone.

If you place it on Airbnb, get guests in, and complete a cost segregation study, you can take bonus depreciation against W2 income as long as you meet the hour requirements.The key parts are: buying the property, putting it in service, tracking your hours, and getting the cost seg report done in time.

.: I was asked by a couple of people to compare doing a Buy & Hold Rental using conventional financing and buying Subject To with selling to a Tenant Buyer and what that would look like.This is an actual deal I recently did.

I was prepared to offer $15,000-$$20,000 to buy it outright.