BRRR Tax Strategy

[Royce J.]

Hello What is the best BRRR tax strategy? What is allowed? I purchased a 4 unit apartment building for $140K, I paid $14K to the whole seller, and rehab cost was $34K. Then I refinanced $180K. Can I depreciate $188K or $154k or $140k? Can I write off the $34K rehab expense? What am I missing? Cheers! Royce