This is particularly effective when paired with bonus depreciation provisions.This method not only helps reduce your tax liability but also enhances cash flow, making it a powerful tool for real estate investors looking to grow their portfolios.3.

One other positive side effect of having leverage on the property is that it is less of a target for a potential lawsuit.At the end of the day it really comes down to your objectives and goals as well as your personal preferences and comfort level.

.- You could also try selling to another naive investor, but you don't have the infrastructure to do so easily. 2) You'll need to evict the tenant if you haven't already.3) Have 2-3 agents tour the property and take videos of their recommendations of repairs.4) Review all of these to create consensus Scope Of Work (SOW). 5) Get 2-4 bids on the SOW6) Review bids to determine cost effectiveness of what to actually do.

I tend to write off physical expenses to the building and do not write off expenses associated with personal effects.

There are some really great podcasts that talk about different things, and there are actually quite a few vendors that produce content (podcasts, blogs, webinars, etc) that can educate you a ton.

https://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...

It’s proven very effective and just makes good common sense.

Emergency Maintenance: Regular maintenance is on the owner, emergency repairs might be charged to tenants if they caused the problem.By proactively managing these expenses and clearly communicating responsibilities to tenants, property owners can maintain their properties effectively while minimizing unexpected costs.

Finally, your hunch is correct: when the syndication cycle closes, your past "free lunches" will have to be paid for, aka recapture.Here're some relevant posts from your favorite site:https://www.biggerpockets.com/forums/51/topics/839015-are-sy...https://www.biggerpockets.com/forums/51-tax-legal-issues-con...https://www.biggerpockets.com/blog/real-estate-professional-...  

I've been told the higher deductible also effectively killed FHA financing.