If you spend the entire $300k restoring the property, then here is the end result:- deductible casualty loss of $50k- no current tax- the restored property has $0 basis and cannot be depreciated- when it is later sold, the entire sale price is taxableMechanics and reporting are tricky, and I would not recommend to DIY it, especially since my scenario is over-simplified, and your real scenario is likely to involve more gotchas.Thanks so much. 

Any recommendations would be appreciated!

@Daniel Carrillo if you have not connected with @Jackson Harris already, I would definitely recommend connecting with him and his partner @Jeremy Holden.

To get access to the maximum amount of equity, I would recommend Tower Credit Union.

A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant specializing in real estate taxation, business taxation, financial planning and tax planning.Consider working with your accountant remotely to expand your options.I would also recommend looking for an accountant willing to work with you throughout the year.

There’s a strong demand from investors who specifically seek Section 8 properties for their reliability, so it can make the listing more attractive to the right audience.That said, managing Section 8 properties isn’t completely hands-off.

Hello, BiggerPockets community!
I am interested in purchasing a new investment property and have been pre-approved for up to $700,000. I am currently looking at options in Kissimmee and downtown Orlando. Initially, I ...

Hello, BiggerPockets Community!My name is Sidney Mossiah, and I’m excited to be here! I’m currently working towards getting my real estate license with a focus on helping investors buy 2-3 properties a month. As I bui...

. - It’s recommended to have clear agreements outlining each party’s responsibilities, profit-sharing ratios, and exit strategies. 4.

•Business Cards & Branding: You can list both services, but if you want to avoid overwhelming potential clients, consider having two versions—one focused on PM and one on real estate sales, depending on who you’re targeting.Best Way to Generate Property Management Leads1.Target Landlords Where They Need You Most•Most landlords seek out PM services when they’re in trouble—tenants not paying, evictions, property damage, etc.