It allows a substantial portion of the asset's cost to be deducted in the first year of service.In 2023, the bonus depreciation rate is 80%.In 2024, it decreases to 60%.In 2025, the rate further reduces to 40%.COST SEGREGATION:Cost segregation involves dividing a property into its individual components for tax purposes.Some parts age faster, like carpets or paint.Your CPA can use this info to more accurately depreciate elements of your property leading to potential tax savings.BASIS:Your basis is the initial price that you paid for your property, including any expenses or improvements.Knowing your basis is crucial for tax purposes, as it's used to evaluate depreciation & determine the capital gains or losses if/when your property sells.LAND VALUE:This is how much your land is worth without any buildings or improvements.Land doesn't get old like buildings, so you can't depreciate it.

Maybe he was legit at some point, as I know some good people that are involved with him and vouch for him. 

my cleaners do charge extra if there is a pet, as they said extra is involved.

I would bet it's worse than that in bigger markets 3.

The money involved is not a lot.

I'll bet there was no locksmith or the tenant locked themselves out of the house.Unless there was a defective lock, I wouldn't pay and even then, why didn't the tenant call you?

Many private lenders might ask for as little as 10-20% down, depending on the property, your experience, and the amount of risk involved.

We made a bet: be okay with no (or negative) margins on cleaning and let high quality reviews pay dividends years later.It’s paying off. 

As of today, I have involved in more than 6 deals (as both GP and LP) because of the networking within the community and recently close a JV 44 units deal with fellow community members because of the community alone.

It's best to involve a real estate attorney to ensure the contract is legally sound.