For residential properties with a basis of less than $1.2 million, check out our online DIY Residential Cost Segregator. 

Such luxury as indoor/outdoor pool, park for skateboard, tennis court, tiki bar with dance floor… of course if you need to think about the ROI and how much maintenance it takesBest ROI items are - big screen TV, hot tub, playground, PS5, BBQ…The issue is cheaper items require more maintenance.

Unless the deal is fantastic of course, and maybe it will be! 

Of course, your specific block may be higher or lower.

@Kainoa Oneha Education is 100% back, whether in person or online.  

We recently purchased our "forever" home together in another county and applied for a homestead but of course we were denied because they found out we had 3 active ones in another county.

Hey @Corina Eufinger thanks for the tips!

Examples could include:Partnering with other investors to share risk.Using seller financing or lease options.Leveraging creative rehab techniques to save on costs.Negotiating with contractors in a unique way to reduce expenses.I’d love to hear any stories, tips, or approaches that helped you pull off a deal others might have instantly passed on.

If I had been tracking the assets via accounting, I would simply make a journal entry showing the LLC's assets and liabilities going to zero and transferring them to the Holding LLC or the LLC Members. correct accounting only and yes there are bank accounts (of course)

Good tip on Payrange.