You can deduct expenses like mortgage interest, property taxes, insurance, and repairs, as well as depreciation on the building (but not the land), which helps reduce your taxable rental income.If you refinance, any interest paid on the new loan would also be deductible.

This reduces exit options and affects the value. 10) Small number of small units is the most expensive residential development there is.

that's your choice but you're reducing the pool of applicants significantly.

I'm hoping some of these EXPENSES will reduce my taxable income for 2024.I know there are rebates and TAX CREDITS for investing in Solar Panels.

Ask if you can shadow any of them and shadow them full time for at least a full week/months before making any big changes in what you're currently doing.

Since you're not working, you may qualify for REPS, but you need to meet the750-hour requirement and materially participate in your properties.The $300k withdrawal will be taxed as ordinary income, so using cost segregation to create depreciation losses could help reduce your taxable income.

For example, if your rental generates $25,000 in income and you have $10,000 in depreciation, it can reduce your taxable rental income to $15,000.Happy to discuss this further.

If you have commercial experience and are an excellent asset manager (managing the property manager, driving revenue, reducing expenses,  managing GCs)You wont just provide value to a sponsorYou will be highly sought-after after by sponsorship groups.The ones worth their salt know how incredibly valuable a strong asset manager is (and how much work it takes)So if you can bring that skillset, I have a feeling it won't take long for you to find a sponsorship team. 

One point of contact also reduces confusion and administrative burdens.Comprehensive Risk ManagementA consolidated program allows for a more cohesive approach to risk management.

It is very unlikely that the appeal will get the property to a $340k value, but even a $275k valuation would reduce what you need to bring to refinance.Question is how is the cash flow?