Imagine you bought a property for $2M.The land (excluding any structures) is valued at $400K.Since land is not depreciable in the eyes of the IRS, we subtract the land value from your purchase price to get your depreciable basis.Your depreciable basis is simply where a cost seg engineer starts from when allocating your eligible assets into either 5, 7, or 15 year property.In the scenario above, your starting basis would be $1.6M since your basis = your purchase price - the land value.Having an accurate land value is essential to getting your depreciation/bonus depreciation calculations right.This is the starting point for any cost seg study that you do.

There will be a consultation and assessment to determine your business goals, strategies, etc.Research to identify the grants that are most aligned with your goals and strategies.Preparation of documents using a checklist to simplify the process.Application submission.Follow up with you, the client for clear compliance and reporting expectations once a grant has been awarded to you.Here are a few resources for accessing grant funding:Grants.govUSA.gov/GrantsNational Institute of HealthSmall Business Administration - GrantsHave you utilized grants in your real estate portfolio?

Technology today allows us to access detailed information and resources remotely, which makes it possible to make well-informed decisions even from a distance.Memphis is a city with a lot of hidden gems and under-the-radar opportunities that many investors miss out on simply because they’re not familiar with the local landscape.

Are there specific resources or strategies you recommend for someone in my position?

The best strategy depends on your goals and resources.

To invest in Richmond, join REIAs, engage on social media, attend events, learn from resources, connect with agents, explore neighborhoods, and connect with professionals for appreciation, rental demand, and strong cash flow.Good Luck!

Find deals and bring them to those who have resources.

Keep reserves for times like this.I don't know your market as I'm in SoCal, but @James Hwang is a great NJ MTR resource.

I appreciate you offering to be a resource.

Start by learning basic metrics like cash-on-cash return and cap rate, and check out resources that dive into rental market analysis.