I just started using this upgrade for a month now, had been using the basic reireply for 2 yrs.   

@Cody Cunningham- thanks for the  post  ......getting a foothold in the  industry is a great idea ....one of the most crucial tools  for  moving  deeper is  the  financing piece .....if you will need  loans / financing - you will likely need  several yrs of solid tax  returns with verifable income ..there  are always  creative  ways  around everty issue  - but some options are  * getting  w2  job  while  working on the real estate  business /  * partnering up with another person that has  solid  financials  * using  co borrower / co signors  /    waiting  until you have  1+  solid returns to  use for  qualifying 

& different parts of the asset can be depreciated on different schedules.To find out the useful lifespan of each component, you do a cost segregation study to analyze all of the parts.The raw land can't be depreciated so you start by giving that a value first.But other items can be depreciated on a quicker timeline.A roof, road, sidewalk, fencing, walls, gates, doors, latches, flooring, air conditioners, pavers, curbing, landscaping, etc.The IRS has a depreciation schedule for each type.Some parts are 5 yrs.

Every 15 yrs HVAC, every 20 roof/kitchen/bath, every 5 flooring...  

Ideally avoiding capital gains tax, we've owned it for more than 5 yrs & lived there the whole time.  

Is it every 3 yrs?

What helped me immensely is to stop all the deep diving I was doing and to focus on WHY I was doing this and where I wanted my investing career to go in 5 yrs.

I currently own one property multifamily property and am looking for advice on an idea I have.I have been living in Boston( 5 minute drive to my job) 3 yrs paying this crazy Boston rent (1200 a month for a 1 bedroom in the hood).

@Ronald Rohde no lending @ 4% 140k loan 20 yrs @848.47 mo payments just have never heard of them wondering if someone had in business for 1 yr  no reviews found any input would help tks in advance

Only one facility in town is quality built/newer (maybe 10 yrs old) and it seems they do not have more room to expand and by secret shopping so to speak them plus the smaller less desirable facilities are mostly filled up.