I’m not only working on my case with these buyers and a DeKalb Pastor & Chaplain of DeKalb Sherriff Office on over 2.5M...but this now appears to be related to a HUGE Mortgage Fraud Criminal Ring here in Metro Atlanta with quite a few of confirmed fraudulent documents on many properties as more evidence shows up.Some of the names I have confirmed provided or created fraudulent bank statement, operating agreements and forged QCD docs to obtain mortgages illegally then allow them to foreclose.

Some don't require you to have a property management company because they operate like a hotel.

It's a game changer once you have a few employees and operate that many so everyone stays on the same page.

I have kept track of all my expenses in an excel sheet/word document but feel like there may be a more organized and efficient method to tracking?

So in that same vein does bifurcating assets from operations help?

I’d search out an established local operator and pay them to operate it.

What strategies or systems have helped you grow from your first project to a scalable operation while managing risks, timelines, and financing?

The next question is whether the property has the zoning to legally operate as a 2 or 3 unit building. 

I have zero stress having the systems in place with the proper people in place to manage my day to day operations.

As mentioned in the podcast, you can carry forward the paper loss, which could offset future rental income or other income once the property is fully operational as a rental.To maximize your benefit, doing the cost segregation study now while bonus depreciation is still at 100% would allow you to accelerate depreciation and take advantage of the full deduction in the year the property is placed in service as a rental.