We have an investment property in downtown SF - the relatively nice and safe SOMA area.

Will you come to the US to visit and manage the project?

With over an estimated $300 billion of extremely delinquent debt yet to be liquidated to the secondary market, there is a a lot of opportunity to reposition these loans, keep folks in their homes and make a very nice profit for all involved. 

nice, we've been looking at making one of these in-house, seems like a challenge but if executed well should payoff quickly

This is just one of those nobody is at fault issues and sucks for the owner, but that's life.If you just want a nice FO letter: Dear Neighbor:Thank you for contacting me about the issue in your unit.

Someone I know bought a ranch to use as a short term rental property in 2021 for $1.7 million.Engineers did a virtual site visit, they were able to assign a value of $347,000 to either 5-7-15 year assets that were eligible for depreciation.In 2021, the bonus depreciation amount that you could take was 100%.This means that the owner could immediately deduct the full amount of eligible property in the year it was placed in service, rather than depreciating it over time.With that in mind, he took the full $347K deduction in his FIRST YEAR of ownership to offset taxable income from rentals.This was roughly ~20% of his purchase price.It was a big win for him.In 2024, the bonus depreciation rate is 60% so the calculation would be different.That said, you can still save and defer a ton.

I'm in this strange position of being out of state and unfortunatley not having the time to visit or gain personal expertise.

I suspected fraud as the property was too nice and the rent was too low. 

Everyone was very nice though.

Another investor in our mortgage fund wanted to visit every borrower and discuss their personal financial situation with them.