I plan to sell quite a bit of stock this year (2024) in order to fund some renovations and want to use the depreciation of these properties (if possible) to offset my capital gains when i sell the stock.

for Zero Risk to capital, move cash to your brokerage and buy USFR, paying 5.4%, must pay federal tax but no state taxes, it holds short term US treasury floating rate notes, no FDIC needed as FED can print more money to pay you offfor Mild Risk to capital, buy BKN, BlackRock municipal bond fund with 20% leverage, pays 5.5% tax free, and if 10 year bond yield falls 2% over next year, likely with rate cuts coming, then this will appreciate by about 15%for Mild to Moderate Risk to capital, buy EDV, Vanguard 30year zero coupon US treasuries, pays about 4%, taxable and if 30year bond yield falls 2% over next year, likely with rate cuts coming, then this will appreciate by about 60%Don't put into stocks if you need the cash in <3 to 5 years due to stock volatility

The expense of maintaining a “doctor’s building” is different from another building.

Tenant screening is, in my opinion, the most important step in maintaining both your property and your sanity. 

Complex Contracts: It’s crucial to have clear agreements in place to avoid misunderstandings.Watch out for vague contracts, high option fees that seem unjustified, and properties that aren’t well-maintained during the rental period.

These records can give you a clearer picture of how well the building has been maintained and any potential expenses on the horizon.To address concerns about issues like a deteriorating foundation or sewer problems, ask the condo association for documentation related to past repairs and maintenance.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

However, by staying on top of project management and maintaining clear communication with contractors, we overcame these challenges.

Alecia, I also have 6 properties, no trusts, basic stocks, etc.

If I put the money in the stock market, and got a 10% return, well, after tax on the gains, that return is more like 7.5%.