The output was instant in the form of a PDF which was pretty simple to follow and enter into TurboTax in the depreciation section associated with your rental.So to summarize, I was pleased with the quality of service and the cost segregation tool/report.

You closed in December, meaning your first mortgage payment was probably due Feb 1, but it probably hasn't reported to your credit yet.So, to summarize:- You are now several hundred thousand dollars in new debt.- If you're a first time buyer, your credit history probably has zero track record of managing hundreds of thousands of dollars of debt.- You have zero on time payment history on that debt.

I know I'm going to have set backs at some point, but to mitigate that I'm asking questions here, and trying to get some pointers before I just jump off the cliff ;)But, to summarize what you're saying, you're advice is to stay away from MHs because the profit doesn't outweigh the work?

I was able to get very similar numbers to the author (hard to get the exact numbers because the author rounds up and then summarizes 3 properties on top of that) when I changed the years of ownership to as follows:Property A - owned 4 yearsProperty B - owned 2 years 3 yearsProperty C - owned 1 year 2 yearsSo I guess my question to the community is, has anyone else ran the numbers and noticed the discrepancy?

Very succinctly summarizes many of the techniques I use myself when evaluating properties, the most critical of which is filtering out those listings of $1k/night from the owner that just rents out their unit 3-5x/year and blocks it off as unavailable the other 300 days/year.

Lastly, you should be underwriting at 10% Vacancy factor, not 5% (which is your best case).So to summarize, your total expenses including vacancy should be at 40% or more for underwriting based on the details you have provided thus far.

.: 114 pages (to date) summarized visually  

@Bonnie Low I definitely looked at both those markets the big things that attracted me to Columbus was the positive influxes of people coming to the City and the growth of the City (new children’s hospital and rogue fitness expansion and other growth coming in) witch from my research of Cleveland and Toledo wasn’t seeing as much.I guess to summarize my answer I chose Columbus because from my research I can capture appreciation and cash flow.

We can use AI that summarize the answer from all 10+ years discussions.I alwasy ask something like this AI prompt "In biggerpocket site, what's the recommended approach when........ .."

If you had to summarize the main point(s) of the book what would it be?