You’d still want a CPA to run the actual depreciation schedule for your situation.For the renovation portion, the same general logic applies.

DM us if you’d like to discuss this logical approach in greater detail!

Become Financially FreeI want the experienced people in this industry to pick apart my plan and tell me if there are any flaws in my logic, and if so, help me to understand a faster or better path to become like the rest of you.

DM us if you’d like to discuss this logical approach in greater detail!

Question the numbers and the logic. 

Recommend you search here on BP for posts within the last 12 months about that, as you're unlikley to, and shouldn't, believe me.Here's some other "logical" food for thought:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location/neighborhoods to invest in.Why is Property Class so important for investors to understand and apply in their investing strategies?

His reply was very very rude, instead of having logical questions/answers, he was non-stop yelling and said he is very experienced, he knows what he is doing etc. so I waited, after 1 month I again went on property so I noticed there was no lock box and lock was changed.

@Michael K Gallagher your logic applies on both directions.

Until you become a highly skilled investor, there is no logical reason to become a syndicator. 

I want to accelerate my journey to financial independence and came to my second realization; I want to live a life where not only I don't need to worry about money, but I want to own my own time to do what I want whenever I want, and real estate is the next logical step for me.