If you do not know how to control money well, adding more to your bank account will only create new problems.

Imagine you bought a property for $2M.The land (excluding any structures) is valued at $400K.Since land is not depreciable in the eyes of the IRS, we subtract the land value from your purchase price to get your depreciable basis.Your depreciable basis is simply where a cost seg engineer starts from when allocating your eligible assets into either 5, 7, or 15 year property.In the scenario above, your starting basis would be $1.6M since your basis = your purchase price - the land value.Having an accurate land value is essential to getting your depreciation/bonus depreciation calculations right.This is the starting point for any cost seg study that you do.

Direct booking, guest screening, AI messaging, accounting portals, integrations, and more are all extremely valuable.

However, managing multiple LLCs can mean higher costs and administrative work (separate bank accounts, annual filings, etc.).It depends on your risk tolerance and ability to stay organized.

That average person given limited access to a property is not going to have the experience required to know what to look for.Yes, i would have a couple of your most trustworthy contractors with you when you walk the property and i'd film the walkthrough / take as many photos as you can.With a full hour you can easily assess most of what would be needed to account for 

(Broker, Property Manager, RE Attorney, Accountant etc.)

Once you have a shortlist, sign up for an account with each one and test them extensively to see how they function.

This is great of your accountant who may choose to advise that you liquidate shares during a tax year where you realize some loss elsewhere.

Just be sure to account for holding costs, which can add up quickly.Another option—since you're well-positioned in Austin—could be bridge financing or hard money lending for your flip.

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