The study identifies with forensic engineering detail the immediate Bonus Depreciation 5, 7 and 15-year personal property class lives qualifying portions of a building that are normally buried in 27.5 year residential or 39 year commercial categories.

Hi,I purchased a six-unit apartment and transformed it into a six-unit STR.

If not, will seek to leave hopefully in a year or so (also may wait to collect the full sign-on bonus).  

It also usually comes with the bonus of lowering their monthly expenses over what they were paying in rent, but immediate cash flow is not always possible given the purchase prices in the areas most of my clients want to buy.

Enroll by 12/31/23 and you'll receive special bonuses, including exclusive content to apply what you learn in 2024 and an opportunity to win a 1:1 coaching call with your instructor.

Plus I get the added bonus of inspections, the bank doing the trash out, title insurance, and I don't have to close within 24 hours.

Heck, pay them a bonus. 

While appreciation is always a nice bonus, our primary objective is to build a portfolio that also yields reliable income over the long term.

I see the House passed the Tax Relief for American Families and Workers Act of 2024, meaning that bonus deprecation may get extended. 

If you are getting into commercial, make sure you read up on cost segregation, bonus depreciation, lease structures, in addition to underwriting approaches.