When you buy multiple REI's those will replace and also become a $500K Tax deduction.

You have a responsibility to try to rerent, but losses related to that can usually be deducted from a deposit.

I think the taxes work themselves out because you get to deduct the lower interest paid on the mortgage.

Everyone makes mistakes now and again when filing a tax return whether it be forgetting a deduction, missing a portion of your income, or improperly depreciating an asset.

On the other hand, I would use a BLOC in the name of my business for deductible financing, that won't clutter up and impact my personal FICO score.

Tax Benefits - Can deduct most of my mortgage interest while building wealth.4.

Restoration company, with a $500 deductible for home insurance, is drying and working on fixing tile that is water damaged, grout that has eroded, drywall that needs replaced, etc etc.We have about a dozen examples of issues similar to this.

However, it will likely lower future cash flow so it is a time-value of money play (and perhaps income tax bracket matching... ie, big deduction during a one-off big income year).Two properties... one with cost seg and one with out will have the same depreciation taken at the end of its life (27.5 or 39.0 years).Also keep in mind that STR usually requires 39.0 years of depreciation for the primary building asset.

If you are going the traditional route you will need to supply (2) years W2's or 1099 income unless you have been self-employed or the business has been open for 5 years - them you can use most recent year.If its only business income it can be tough if you have tons of deductions and show little in NOI.

He is willing to deduct money off the cost of the building for the needed repairs and just lower the price for me to do the work.