From my understanding, you can only claim 60% for 2024; I do not understand how much bonus/accelerated depreciation we could take on a 1.8M property without a remodel.

What I do like about the condo market right now is fixer condos are going for a steeper discount than it actually costs to remodel.

I have three homes, some of which I've subdivided into individual units, one of which has an attached granny, one a remodeled garage studio, and another in which I just remodeled the master suite add-on into a large studio.

We were getting it remodeled and hired and a contractor through our real-estate agent.

I learned a TON about how to fix and remodel myself.

I purchased a 3 unit in 2022 which I completely remodeled except the ground unit.

Full interior remodel What was the outcome?

******************************Ok, here are my typical approaches to a complex assignment.1) determine the most important value characteristics within my subject market (location, school district, # of units, size, lot size, bedroom/bath count, remodeled, new build, specific style, other amenities, etc.)2) research available comparable sales (with those important characteristics found above) within the designated market area3) in the absence of recent good comparable sales, I will expand my search back in time, even 5 years (or more) if need be.

In 2023, I did 18 transactions(Top 500 of ~15,000 agents), and manage 13 rental properties for other individuals.As an Individual, I also own 5 additional rental properties that I also self manage.The reason I would like REPS is because Ive got about 200k in passive losses(100k just in 2023 as I fully remodeled one of the rentals and partial reno of another) I would like to apply towards our household W2 income(600k) Overall, I feel like I could definitely qualify but I definitely lack detailed time log of all activities.

I have experience with flood homes and permit pulling and remodeling.