@Raul VelazquezCongrats on deciding to do something proactive to create a better future for yourself!

@Will Almand A cost segregation (cost seg) study can accelerate depreciation on your properties, reducing taxable income by reclassifying components (e.g., appliances, HVAC) into shorter-lived categories.

Repairs made while the property is your primary residence are not deductible, but improvements can increase your cost basis, reducing future capital gains tax when you sell.

2.Are there strategies to reduce the required down payment or secure better mortgage terms?

We would like to learn about how we should have went about it so that we can purchase more properties, minimize mistakes, and reduce our reliance on corporate life.

This type of deal can also help you minimize upfront costs, as you’re reducing the cash needed to buy the property outright by aligning the seller’s financial outcome with yours.While there may be details to work through, such as crafting a solid contract or ensuring alignment with any financing you bring in, these can be easily addressed with the right team in place.

They are much less restrictive than other municipalities in South Florida that are actively trying to reduce the number of STRs.Let me know if you'd like to talk further on the topic! 

@Monty Alston sorry to hear about the tough situation that you are in but glad you are being proactive about it.

There are alternative programs out there with reduced cost, but you are typically looking at 20% down. 

Has really reduced our water bills since we installed them.