The seller was motivated to close fast, allowing us to secure the deal and set the stage for a profitable resale.

Setting a goal doesn’t merely guarantee the outcome by course.

Bonus depreciation is just a special part of the US tax code.It allows you to take accelerated depreciation on portions of your property depending on when an asset is put into service.At the time of this writing, you can write off a huge portion (60% in 2024) of many qualified components that have a useful lifespan of 15 years or less.That means a certain percentage of things like landscaping, sidewalks, latches, appliances, fences, certain flooring, etc is depreciable in year 1.The bonus depreciation rate percentage changes yearly depending on the administration and the tax code.For years 2015 through 2017 first-year depreciation for all the items on a 15-year schedule or less was set to 50%.It was scheduled to go down to 40% in 2018 and 30% in 2019 and then 0% in 2020.But then Trump got elected, and he enacted the Tax Cuts and Jobs Act.That moved the bonus depreciation percentage to 100% from 2017 to 2022.In 2023 it went down to 80% and it’s currently at 60%.Depending on who gets elected again, 100% may be back on the table.Only time will tell.We know that the US government wants to incentivize more development and ownership of RE.They want Americans to continue to build and maintain our physical world.That’s why real estate is one of the most tax-advantaged assets in the US.Depreciation and bonus depreciation for RE are very positive and will likely continue in the years ahead.

For the alley, I'm not sure I'm familiar with that set up, so I don't know that I can really comment on that.

The more time you spend on administrative tasks coordinating with multiple service providers, the less time you get to spend on managing your properties, finding new potential investments and increasing your financial returns.Tax strategies and property insurance are two areas that are highly customizable because no two portfolios are identical.

How to set up in 2025 is incredibly difficult.

/city regulations, set up costs, doing things to stand out) and leave you with less cash in case of an emergency.

Do that every 2+ years, sell tax free, repeat, and you can be set for life ("live in flips"). 

2.Create a direct booking website and set up an escrow account where guest payments are held and disbursed to the property owner and cohost according to agreed terms?

2-4k4) new roof, new HVAC, new water heater, ac panel, replacing plumbing to PVCwater heater all set 1.5k-2kplumbing 2-8kroof from 10k-25k5) framing (creating new bedrooms or baths)8-15kthanks to everyone that are willing to share this info according to their experience.