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.

@Chris RagerUsing Legal Zoom or similar service for a multi-member LLC is --- in my opinion --- legal suicide.

Have you called your bank/servicer to talk about your options? 

Feel free to message me if you need a property manager, our pm services the area. 

If the property is in an LLC I look up that LLC in the Department of State website which has a service address.

Things that cause delays are many sponsors maybe 1-3 people and they outsource their investor relations so the first person you contact is not a member of the company but a call servicePersonally I would not invest in a fund / syndication that has a call service on IR side as if things go wrong you will never hear from them.

If the payment(s) reported on the credit report is less than the threshold payment calculation above, in order to count the lower payment, the loan file must contain a statement from the student loan servicer that reflects the actual loan terms and payment information for each student loan(s).

So with that I'm curious to know how people are effectively reaching out to homeowners via Text blast while still staying compliant.Also if they are any SMS services that you recommend.

I would be more than happy to help anyone looking to start investing in the areas of Florida that I service.

For my commercial properties, I refinance every five years, allowing me to continuously access the equity as long as the cash flow can support the debt service requirements.