Businesses are encouraged to seek professional advice to fully understand these changes and to develop effective tax strategies.Revisit asset management strategies: Businesses may need to reconsider the timing of asset purchases and disposals, the classification of assets and the potential for asset revaluations.Be proactive in tax planning: Get a cost benefit analysis performed on your properties or potential purchases to have a plan of depreciation and how those write-offs will carry over each year.What questions do you have regarding the phase out of bonus depreciation?

When you are thinking of selling you should talk to a 1031 exchange company and they will tell you how to go about it.Renting a separate unit in your house is the same as renting part of the house, even if it isnt a separate unit.So, don't think "house hacking" is a separate category or IRS classification from "renting part of my house out.'

We can also see the "concentration" of rental properties per zip code (vs. all residences), which when combined with an "A, B, C, D Neighborhood" classification system (see this blog post for a simple explanation) can paint a pretty specific picture about what micro-markets might work for a given niche & strategy.

Also, fundamentally, Fair Housing requires that all prospects be treated the same; terms and conditions should be the same for all, regardless of protected class. If

The owner of the vehicle would have to insure the vehicle and the business policy you have would give you liability protection if something happened to the vehicle, but depends on the classification of the business.Question: It seems the existing rental residential policy has coverage of the garage as a detached structure.

I'd look at the property itself as an object that has the ability to go back and forth between an asset or liability, but the classification completely relying on if money is going into your pocket each month after mortgage/expenses are all paid.In response to part 2 of your question...if you are still negative cash flow after moving out it would be a liability.

For many classification (carpentry, painting, drywall, etc.) the cost for the owner is so great that most opt out.One alternative that a contractor may get for themselves is a Disability policy.

Hey @Shyam PanchalYeah, that is a very aggressive CoC for Atlanta, regardless of property class. If

It's for a myriad of reasons; zoning re classifications, permit re-inspections, etc.

I know that the zoning and permits are complicated, so I'm wondering if anyone has any suggestions of a way of working backwards to find property zoning and classification information by location before I approach the owners?