Comparable property sales do not affect the depreciation basis, which is determined by actual purchase and improvement costs.

I have industrial suites that range in size from 700, 1,200, 1,800, 2,500, 4,000, 8,000, 12,000, 20,000 and 25,000 sq ft. 

Companies like State Farm, Allstate, or Chubb often come up in conversations, but comparing quotes with independent brokers might give you the best value.Since you're in a general partnership, it”s critical to clearly define liability exposure.

I’m willing to put in the time and effort to learn and grow in this industry, but I could really use some guidance on where to start.

I am curious though, in hindsight, how does an investment in STR in Hawaii in 2012 would compare with other markets over this period of time despite all the regulation headwinds?

I’m already hearing rumblings of the ag industry being blamed for lack of water.

If you think about it in any industry less transparency and more friction in the transaction will increase fees/commission vs reducing them.I like the idea as an investor of having different agents, a team of agents maybe 3-4 bringing me deals, but I think less of that will happen now as all will have to have you sign some kind of agreement up front. 

A lot of properties in Cleveland are so cheap compared to Vegas that you'll think every deal is amazing.

Learn from your family and on your own by going to different meet-ups and having conversations with agents, other investors and anyone else in the industry to hear about their experiences.Make 2025 a year of planning and how you will go about that plan. 

This will lead to many of the professionals in the same industries who already are not doing that well to fall out of competition and hence be "replaced'.