Assets identified in this study include:Standard windows and doorsInterior ceilings and wallsBasic plumbing and electrical systemsBuilding structural elements and roofingBasic HVAC componentsWater heatersFire protectionThis engineering-based cost segregation study included the following methodology:Physical Inspection through a site visitDocumentation review including architectural plans, accounting records and construction documentsA cost analysis which utilizes engineering principles in order to allocate costs to their applicable asset classificationsCalculation of the depreciation schedule using MACRSAs a reminder, bonus depreciation started to phase out in 2023.

I would start there.The Rock may have something to say about that.... 

Congrats on getting started!

I am getting ready to start my first spec home build.

Rents started to come down and I had to leave a lot more money in projects that I was in the middle of.  

I used to live in Bellevue, when I started investing in Cleveland area, I also went for BRRRR, I was a newbie, and it was hard to pull off.

Also, I'm not sure how you're paying attention to it on the tax side, but the unit that you are living in's profit at sale is calculated differently than the other unit that you're renting out.Once you move out, that unit is officially available for rent so from that point forward, any profit gained at future sale will be calculated starting from that point and will be taxable.

I'm brand new, just getting started, so trying to get everything in order.

Quote from @Diana Mulvihill: Hi all,Looking for some advice, please.I started my STR about six months ago, and it’s been going great.

It would be a good way to start networking.