Bonus depreciation is a hidden gem in real estate.

It’s a wonderful thing when you’re able to see hidden potential where most likely everyone else didn’t recognize it and then taking action!!

TKS,TB" style="-webkit-font-smoothing: antialiased; margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: 1rem; line-height: 22px; font-family: inherit; vertical-align: baseline; position: relative; overflow: hidden; height: 208px;">Hello BP Family,I'm a new Investor starting a Rehab in the DFW area.

And that idea is only as good as the policy, many have exceptions hidden in them....

Granted there is an extra 1.5% on the conventional, but the FHA has so many 'hidden' costs that make such a large difference. 1) Conventional loans (at least in my situation) - they will drop PMI payments once I hit 24 successful payments (2 years).

Or is it hidden in data online?

You are a gem.

What @James Wise said.Plus, 60 amps, that might be old 110V service and those old fabric covered wires.The flickering and surging might be the OLDEN DAYS fabric wires arcing inside the walls (a fire on it's way to starting).Even if the outlets have 3 prong holes and you see some ROMEX, it doesn't mean they redid the whole system with ROMEX, there will be hidden from view junction boxes that might still have old wire in them, or old plastered over live wires.Fix it quick--flickering and surging is not a good thing--it's very dangerous.You may be forced by law to bring it up to current code, GFCI Breakers, etc... ($$$$)And make sure the smoke detectors are up (not expired) and working properly.I shudder to think how you will feel if someone burns to death in there.

This gem is conveniently located in a nice neighborhood near The Grotto and Rocky Butte, I-205 and I-84 for commuting, and close to groceries, restaurants, and coffee shops."

I told people on this site a few weeks ago that I had found almost a million bucks in small bills hidden in the wall of a teardown with a rusty Glock lying on top of it.