Additionally, inquire about any upcoming assessments for major repairs, such as siding replacements or roof work, as these can significantly impact your finances.The selling agent should provide some of this information, but it’s a good idea to verify it independently.

Does anyone have a reputable roofing contractor to recommend in Tampa?

The full roof was replaced in 2020.

One way to cut costs on a rehab is to leave the existing floor and roof in place and just put the new materials on top of them.

I had a roof leak a few weeks back at my property.

I will hire out to another expert to handle other aspects of our finances to make sure those are on the right track.

They both have their good and bad aspects… but rentals are far easier day in and day out.  

After the cost segregation study was performed, this was the new asset allocation breakdown by useful life.Here are some examples of what types of assets are included in each of these asset classes.5 Year Useful LifeSpecialized equipmentCabinets and countersRefrigerators and microwavesSecurity alarm systems and telephone connectionsDecorative wall treatments, ceiling fans and flooring15 Year Useful LifeSidewalks, landscaping and asphalt pavingSignage and site lighting39 Year Useful LifeDoors, walls, roofing and windowsFlooring, drywall partitions and ceilingsEmergency lighting and restroom fixturesPlumbing, HVAC, and electrical distributionThe use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.

Are there common roofs?  

You jump into some aspect of real estate investment and in your first year, you make $50k.