Understanding the IRS Section 179 Election to Expense Depreciable Assets is crucial to making the most of your tax strategy.This provision allows taxpayers to expense certain qualifying assets upfront instead of depreciating them over a period of years.However, there are several factors to consider when using this tax tool.Let’s break down how it works:What Is Section 179?

Vet some PMs, tell them your situation, and get a very qualified one to get you out of it.Going forward, either learn how to detach yourself from this nonsense or enter an asset that does not require human interaction.

If you really need to buy another asset, consider a heloc for $200k of equity cash out and use that as a down payment for the next asset.

I would be coming in through an LLC, so feel comfortable with liability protection as it relates to other assets, but still, will be on title, so there is exposure.As a real estate guy I'm still in growth mode and am having a hard time swallowing the dst pill. 

Whenever there is assistance provided for income or assets purpose (DPA for closing cost and down payment) that closing takes little longer compare to regular closing.

@Sophia Rubinstein Until you have monetary assets to invest with a financial planner you really have no use for them.

They just want to stash their cash in something asset-based in America.

As a private asset based lender we often see loans that institutional lenders have turned down.  

Most people tend to hang onto thier homes as an asset.

However in my area which truly is horrible, about 75% of tenants go through about 4 - 5 jobs a year, own NO assets and dont pay taxes or care about things like garnishments or judgements.