The land represents ~1% of the purchaseOn the contrary - if you purchase a $2 MM shack in manhattan on a postage stamp lot, the land could represent 99%Lever 2 - % of the property with a shorter useful life.Not all parts of a piece of real estate are depreciated at the same speed.Certain personal property assets have SHORTER lifespans in the eyes of the IRS vs the standard 27.5/39 year livesProperties with tons of this often have:- Over-developed land sites (hardscaping, pools, retaining walls)- Fancy Fixtures- Fancy Furniture (STRs!)

At this point, we are three years in, and have learned that you sometimes have to have thick skin (grit) in dealing with tenants, managers, and RV site visitors; while maintaining a sense of humor and humility.

I hate to be the bearer of bad news, but off-market strategies typically aren’t the best approach for acquiring multi-unit properties.

And now we also have better marketing in place on socials and a have a direct booking site, plus we are open all year long so word of mouth is improving.  

There is a lot of experience on this site that can help you navigate through this.

If you want to do postcards, DealMachine has a way that you can send post cards directly from the app/site.

WE have very different styles I like interacting on BP  she has never been on the site and has zero interest.

., land) from the depreciable building and site improvements.

I don't mean anything against the sterling members of this site, but I absolutely wouldn't build my business around any "loopholes" in the law offered by someone on the internet whose credentials I don't know and who risks nothing by saying whatever they want about legal issues.

What’s the most relevant real estate news you have read or heard in the last thirty days?