This is something that I have always wanted to do but finally decided to make the career switch and go for it.

Quote from @Melanie Baldridge: In 2025 the bonus depreciation rate is 40%.This means that if you bought a property for $1M in 2025, did a cost seg study and found $300K in eligible assets that you could depreciate, you could take 40% of that $300K as bonus depreciation to offset your income in the first year.40% of $300K = $120K.You then apply that $120K to the owner’s personal tax rate to find the final amount that they can defer in year 1.If your tax rate is 37%, you can defer $66.6K.This is a big deal even at the 40% bonus depreciation rate this year.It’s a massive benefit 

Hi Brett, you should run a proper property analysis.

I"m finally done buddy.

Here is the BEST way to develop an understanding of the risks and rewards of redeveloping your propertyBEST - Hire a CRE - Counselor of Real Estate to do a complete market analysis.  

Thanks as always.RL Local PM here, we develop and have a wide portfolio, happy to model a cashflow analysis and if possible, find ways to increase your properties income.

These hidden costs can eat into margins and disrupt timelines, yet there seems to be no streamlined way to tackle them before breaking ground.I’m working on a solution that combines site analysis tech + cost prediction modeling to help developers get ahead of these risks.

Plastiq asked me to send them the title company's contact info, and upload the final closing docs and the purchase and sale agreement with any addendums.

But you're talking about keeping it yourself, which is a different analysis.

It's easy to get stuck in analysis paralysis - the key is creating a strategy that aligns with your goals and lifestyle.Then, you can start defining what an ideal investment property looks like in terms of returns and property types, allowing you to evaluate opportunities that fit.Good luck!