A qualified professional appraiser will generate a comprehensive analysis considering factors such as sales comparisons, highest and best use, market conditions, and income generated following Uniform Standards of Professional Appraisal Practice guidelines.

For example, if your rental generates $25,000 in income and you have $10,000 in depreciation, it can reduce your taxable rental income to $15,000.Happy to discuss this further.

Any office that doesn't have this information goes for cost of equipment, which is basically probably a loss to the owner.

I have been able in 2024 to generate (as of today) 22% of my Smokys properties income via direct booking and 38% of my beach properties income via direct booking.

To prepare for maximizing bonus depreciation or conducting a cost segregation study, you can begin gathering detailed records of the property's assets and improvements, coordinate with a cost segregation specialist early, and consider any renovations or purchases of eligible equipment to align with tax strategies that take full advantage of the current bonus depreciation rates before they phase out.

How are you generating steady cash flow, benefiting from appreciation, offering tax advantages, and diversifying your investment portfolio?

Sell: If the area is good for short-term rentals, holding the property could generate strong cash flow, especially with no mortgage.

Good news is its fully rented and generates enough cash to satisfy a 14% HML (give or take), that's pretty robust. 

Minimum you would need to generate enough income to pay yourself that salary, as well as cover all of the payroll taxes, other expenses, admin burden of payroll, and still generate enough of a return to take distributions. 

I’ve been learning about the industry / different regional markets for the past few years and am eager to execute my first deal in the near term and continue growing through this community.My primary goal is to purchase a property I can live in while generating rental income (e.g., a single-family home with a tiny house, a duplex, or a single-family property where I can install a tiny house).