No—LTR PALs can only offset passive income, so an STR’s non-passive losses won’t absorb them.Cost seg studies and bonus depreciation depend on each person’s tax situation; they’re not only useful for REPS.

Are they handling most of the interior design and finish selection, i.e. picking out the white oak flooring and designing the custom built-ins in the study?

What should I study in detail?

To begin investing in real estate, learn first, set financial goals, analyze finances, study markets, make friends in the field, get a loan, start with small properties, check all details, plan how to manage them, and choose renters carefully.

Had not done a cost segregation study when I purchased these two homes, but understand you can calculate a value  to write off so you are not depreciating two roofs...using salvage value or producer price index.

We’d love to assist you in getting your place rented out!

Have you considered a cost segregation study on your property? 

How important is it to get with CPA to assist with tax benefits.

The original author of the Cost Segregation Studies guidelines in 2004 and its recent update in 2022 is the managing partner for my firm.

Miami Real Estate Market: September’s Shifts and Surprises (My latest Study Blog)September brought some intriguing shifts to Miami’s real estate scene—especially in single-family homes, townhomes, and condos.