Hi,Has anyone had success appealing the tax value with the Jefferson county board of equalization?

Not all states are treated equal when it comes to usury laws.

Plus a bedroom equals $100 to $150, or new studio maybe $600 - 700, but it would need a basement bathroom with a macerating pump, etc.

I suppose a prepayment penalty could be setup which would result in basically the same thing as I propose, in other words, a normal mortgage with a lower interest rate/market price/down payment, with a very large pre-payment penalty (starting as equal to the amount of interest owed over 30 years) that would slowly go down as the mortgage amortized.

So, both my wife and I are full time W2 employees and are in the 24% tax bracket, and I came across the short-term rental loophole which sounds really amazing for taking write offs and using them to reduce your W2 taxable income, but also equally difficult to qualify for, unless you are within a short driving distance to your property.  

Tend to be hard on myself and a very motivated individual so my overall plan is to keep reinvesting to continue building until my passive income is equal to or greater than my current gross.

We are considering transferring it into our VA based LLC - of which we are all equal partners.

We are considering transferring it into our VA based LLC - of which we are all equal partners.

Money becomes very relevant at the time of purchase; especially if there is not an equal contribution.

Properly executed, an investment in these types of property can garner substantial passive losses, often equal to the amount of capital invested (or more) even in years where the benefit begins to sunset.A few words of caution: - The tax benefit is valid as long as the gain incurred from the sale of property AND the investment with bonus depreciation occur in the same calendar year. - Be careful not to let the "tax tail" wag the dog.