Here is a framework to think about how buying properties creates the most tax efficiency for you.The 6 levers of depreciation:Lever 1 - % of LandOne of the components of a property is land.Land is NOT DEDUCTIBLE, so low value land properties mean more tax deduction.A value of your overall purchase will be assigned to the land or lot.You receive no near-term tax benefits for buying land.For example - If you buy a $2 MM industrial building outside a rural town on 5 acres, the land value could be $5k an acre.

Credit - Ofc, the better shape your credit is in the better the terms.Overall, max is usually 25% and min is usually 10% being most aggressive.Talk with a few different lenders and brokers to see different people's requirements.

The world will go round and shape one's that push back.

Of course, if your landlord wants to go through with a court appearance, it sounds like you'll be in good shape to win.

From purchasing land to breaking ground in Columbus is typically 60 days.

@Stuart UdisYou forgot to have the Wyoming LLC owned by a Delaware holding company that has the asset then put into a land trust.Then seek 100% financing because you are broke from spending $10,000 setting up this corporate structure to protect the zero assets you have.

ARV is irrelevant for taxes.Then you subtract land value and depreciate the rest.

I am under contract with a land deal, on Marrowbone Lake In Joelton.

I would be open to any additional questions you have about property management apps and/or land lording. 

Networking is not just about making deals; it’s about building relationships that can support your growth as an investor.These financial lessons, particularly in real estate investing, have shaped my retirement planning and helped me build a more secure future for myself and my family.