So for example, a 761 credit score will be in the 760-779 credit category, then going down to 740-759 and so on.2.

Yes, to qualify as a real estate professional, either spouse must meet the 750-hour requirement of material participation, where more than half of their personal time/services must be devoted to real estate activities.If your spouse works another part-time or full-time job, it may be difficult to demonstrate that more than half of her working hours are focused on the real estate business.If not, you should qualify as you exceed the 750-hour threshold of material participation.As always, it's a good idea to consult with your CPA to ensure you meet the requirements and can take full advantage of the RE Pro status and the deductions available.

Add in, that you'll prob have to collect a co-pay from lower income people.Not seeing a big advantage (nor dis-advantage) either way.Steve, back east in the mid west deep south and rust belt  Section 8 pays SUBSTANTIALLY higher than market rents..

Bonus depreciation is just a special part of the US tax code.It allows you to take accelerated depreciation on portions of your property depending on when an asset is put into service.At the time of this writing, you can write off a huge portion (60% in 2024) of many qualified components that have a useful lifespan of 15 years or less.That means a certain percentage of things like landscaping, sidewalks, latches, appliances, fences, certain flooring, etc is depreciable in year 1.The bonus depreciation rate percentage changes yearly depending on the administration and the tax code.For years 2015 through 2017 first-year depreciation for all the items on a 15-year schedule or less was set to 50%.It was scheduled to go down to 40% in 2018 and 30% in 2019 and then 0% in 2020.But then Trump got elected, and he enacted the Tax Cuts and Jobs Act.That moved the bonus depreciation percentage to 100% from 2017 to 2022.In 2023 it went down to 80% and it’s currently at 60%.Depending on who gets elected again, 100% may be back on the table.Only time will tell.We know that the US government wants to incentivize more development and ownership of RE.They want Americans to continue to build and maintain our physical world.That’s why real estate is one of the most tax-advantaged assets in the US.Depreciation and bonus depreciation for RE are very positive and will likely continue in the years ahead.

Have another great story that doesn't fall into one of these categories?

But it's also about efficient accounting, and maximum tax advantage both on the operation and the sale of assets.One thing I've always seen is that many times it's easy to fall in love with a comprehensive strategy and set it up only to find that it really doesn't work when your parameters change. 

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

Basically investing in Upstate South Carolina offers a strategic advantage for those aiming for home affordability and high returns on investment.

This balances maintaining your current property and expanding your investment portfolio, although it involves higher mortgage payments.Given your goal to minimize your ex’s financial benefit, selling your current home and purchasing a new house hack might be the most straightforward and financially advantageous route.

It sounds like you're in a good position to take advantage of the equity in your investment property and the potential for lower interest rates.