This explains why your taxable income was zeroed out on Form 1040, even if the standard deduction wasn’t utilized.

Assuming you don’t meet the 500 hour test, you will likely need to document the time of others spent working on your property.In addition, you need to have guests at your property as well.Until you are 100% sure you can utilize the short term rental loophole, I’d wait to do the cost segregation study.

Using a Heloc utilizes the equity that is sitting dormant, it provides tax relief (once again check with your tax professional) as it is interest income, you can typically get a reasonable rate andlastly there is no out of pocket money.

When your tax professional prepares your 990t they will utilize the Cost Seg to minimize the UDFI tax. 

A couple of things in regards to saving on taxes by utilizing depreciation correctly.

Maybe they work for the fiber company and they want to put some kind of utility hub there.   

See when materials get delivered, etc.This last one is debatable but It works for me.Not utilizing rewards or cash back credit cards during renovation projects to maximize ROI.

Optimally, the lawyer or the firm should be familiar with public infrastructure that developers are typically asked to pay for, such as road widening, turning lanes, new roads, sanitary sewer extensions, new water and electric extensions, fire hydrants, etc.

My neighbor is renting her Jr.attached ADU: 2 bedroom, 1 bathroom, 825sq -furnished- $2500/mo (utilities incl./ current tenant renting for 6mo).LOFTI have plenty of land for detached ADU /their own yard, driveway & entry with the goal of a 1 bedroom/1 full bathroom downstairs & a bedroom/powder room upstairs <so 1 & 1/4 bath>...

@Jason Porto6-12 Months of Expenses: Many investors aim to have 6–12 months of property expenses (mortgage, insurance, utilities, and maintenance) saved.