If you have a monthly cashflow goal, you can get there with 10 paid off doors or 50 leveraged doors or properties.

Assets identified in this study include:Building Systems: plumbing, HVAC and electrical distributionInterior Construction: flooring, drywall partitions and ceilingsStructural Components: doors, roofing, windows and wallsPermanent Fixtures: emergency lighting, restroom fixtures and signageThis engineering-based cost segregation study included the following methodology:Physical Inspection through a site visitDocumentation review including architectural plans, accounting records and construction documentsA cost analysis which utilizes engineering principles in order to allocate costs to their applicable asset classificationsCalculation of the depreciation schedule using MACRSAs a reminder, bonus depreciation started to phase out in 2023.

@Michelle SharkoAnswering questions in step by step fashion:- Is it a good thing to do or not is a personal finance decision and it depends on the person asking it, their risk tolerance which in part has to do with how this HELOC or line of credit works and how your personality fares relative to taking on new debt (a person more adverse to debt might have sufficient savings and temperament to pay down/back the debt versus a financially liberal person might get in over their skii's as).

I am asking because that is a science and often inhabited by regulars who know how to bid you up on the duds if you haven't done it.One tip I would give you before you go into Indiana would be to really take a hard look at your 7 units and 10 doors and see if there are any underperformers in the bunch.

They took our appraisal fee and our application fee and shut the door in our faces.

There were exposed water lines and pipes in the rooms and missing doors.

Any decent Contractor can generally buy products for much less than you anyway, and even if you find a special deal on, let's say, Doors and Windows...who is going to take charge of delivery, unloading, storage, security, warranty and all that?

I thought it was worth less, but I want to open a door with this client to potentially get more of his resi props.

.: Quote from @Mark Frattini: @James Heller For rental grade cabinets check out H cabinets in Miramar.Call San Diego Flooring Pros or La Mesa Flooring for LVP.Ecotech Windows & Doors for windows.

I'm a full-time active real estate investor (former engineer) in Edmonton with 32 doors, and another 24 under contract.