I don’t have any experience renting houses so I am not really a good person to follow on this. However, I did build houses once and I passed the CPA exam years ago.
Having said that, consider the $2k in rent. That will be about $18k a year less upkeep. Forget upkeep. Why invest $300k for $18k a year when you can get $15k buying CD’s?
Forget apperication. There will not be any for years. Forget the tax benefit because it reduces your basis in the property and you will pay the tax back when you sell unless you do some tax free exchange deal which I don’t understand enough too explain. The tax free exchange stuff only postpones it anyway. I don’t think you can get out of recapturing the depreciation.
