If a Cost Segregation Study had not been performed on this $595,685 single family home located in Miami, FL, it would have had first year depreciation of approximately $22,000.

My tenants think I take better care of them than their previous local property managers did.Here is how I went about it. 1) Zoom in on a zip code or two and study it - learn to work the numbers until you're confident.2) Visit the market and walk as many properties as you can so that you know what you will be buying, and understand the neighborhoods.

There are multiple studies you can find online on the major markets.

I don't know how to start a new thread.Since the above messages were exchanged I have been doing a lot of studying.  

Hey Anna, Yeah I would definitely recommend studying and gaining experience for a couple years before diving in that deep.

Six months: Study markets.

Second, many of the strategies are particular to my situation, like a cost segregation study.

Certainly appliances and fixtures and as far as I understand, other improvements. 7) Regarding a cost segregation study, given my property purchase of 2021 and in-service date of 2022, am I correct in thinking I could still have a study done and use 100% bonus depreciation for 2022?

As a specialized real estate CPA, I'm here to provide expert guidance on your most complex tax matters, from navigating 1031 exchanges and cost segregation studies to optimizing your rental property deductions and handling multi-entity structures.

Spent the past 4yrs reading, studying and listening to podcast on realestate investing.