I think if you need to show a slightly different use, prove a fit for truck court, etc.Otherwise, not a lot of benefit to add racking.

Georgia Amendment 1, which authorizes the General Assembly to implement a statewide homestead property tax exemption, has far-reaching implications for both current homeowners and the broader real estate market.Short-Term Positive Impacts for HomeownersThe primary benefit of Amendment 1 is the cap it places on the annual increase in a home’s assessed value, limiting it to the statewide inflation rate.

Owner only gave us $2k to work with, so we took care of Health & Safety issues (to avoid lawsuits) and did our best to spread out the rest to make the property look "decent".

You gotta choose, you can save money by doing things yourself, or save money by getting insurance and tax benefits.....

He came up with a "benefits package" to charge my tenants $56 a month (to include renter's insurance and some other "perks").

Here are five steps to get you started:𝗣𝗿𝗼𝗱𝘂𝗰𝘁 𝗞𝗻𝗼𝘄𝗹𝗲𝗱𝗴𝗲: Understand the basics of lease options—how they work, key terms, and benefits for both parties.

In your case you've got to weigh the cost of the cost seg and benefit of the depreciation deferral vs simply paying the tax on the difference.Many of our clients will use Delaware Statutory Trusts to round out their exchange in situations like this. 

Quote from @Vincent Cavalieri: Hi all,In the last 6 months, my partner and I have taken a big interest in Real Estate and the benefits attributed.

Unfortunately you don’t understand the 2nd home equity tax benefit.

Also, I believe they own this property out-right, no loans, etc.I'd like to structure a deal where they provide seller's financing with a 2-3 year off-load timeline that gives them a) some cash now via a down payment and b) some regular monthly income all while I work to bring rents to market value and we both benefit on the sale and refi.How would something like that work and what would it look like?