Reminder:Ground improvements qualify for bonus depreciation.This includes various landscaping.Roads and external parking areas.Sidewalks and pathways.Fences.Utility systems (including the installation or improvements to water, sewage, drainage, and electrical systems).Outdoor lighting.Rec facilities (like playgrounds, sports courts, and swimming pools).And more.It's a big category for depreciation/bonus depreciation that we love.

When I closed on my first duplex in Harrisburg, Pennsylvania in August 2017, "the 2% Rule" was the gold standard for determining whether a property would cash flow.  

$250 an hour can be pretty standard for consulting.

Or try the reverse - rehab a property to Class A standards in a Class D neighborhood and try to get a Class A or B tenant to rent it.Unfortunately, many newbie real estate investors are jumping into buying affordable Class C rentals - expecting Class A results.

All that said I think $30 is probably industry standard so I haven't had too many applicants complain.

After contacting four insurance agents, I've been consistently told that I need to purchase two separate policies: one for standard coverage and another for liability.The only option presented to me is the California Fair Plan, which offers limited coverage.

I personally recommend doing a small project together first to test the waters. 💡4️⃣ General Tips: If you're partnering out of state, legal agreements are a must.

Then when property sells, you are subject to long-term capital gains, which is generally lower than the standard UBIT tax rates under the estate and trust tax schedule. 

I am on well, so I don't have a cost, but I don't want to generally waste water. 

Is the water leaking from a pipe, damaged roof, clogged gutters, or some other source?