Recapture typically happens only when you sell the property.If you use the property partly for personal use and partly as a rental in a given year, depreciation and other expenses must be prorated based on the number of days it was rented versus personal useBased on the current tax laws and regulations, once you've taken bonus depreciation on an asset, you cannot "capture" additional bonus depreciation on that same asset in future years, even if the rates increase.In the 2024 tax year, the rate for bonus depreciation is 60%.

We're based in Tampa and, in addition to personally investing, I own a mortgage company that provides financing for tons of investors.

When evaluating a property management company, it's important to look beyond just the management fee and consider the full scope of services and costs involved.For example, at our company, we charge a 10% monthly management fee, a $250 lease renewal fee (unless it’s a takeover tenant, which requires additional effort to establish a strong relationship - because usually people are changing pm companies for a reason), and the first month’s rent as a leasing fee.

You pay your agent at closing (think of it as an additional closing cost) Depending of the situation and of these options can be used by you and your agent to negotiate with the seller.

You have to compile all the info to send to them you might as well file yourself on Turbo Tax.

Thanks Bryant and Michael, this is great info.

@Jaycee Greene thanks for the info I'm going to do whatever I can to make it happen

In addition, the gas bills have shut off notices and are not being paid. (3 units are occupied and utilities are all paid by owner).

Whether the seller was open to a buyer commission or not, I wouldn't put an additional cost into any personal purchase.  

If the mortgage is $65,000 *some* lenders will lend an additional $5,000.