Hoping you guys had a great new years, I wanted to make my first post of the new year and first post in general!

Please keep those posts in the Classifieds forum.Need a spreadsheet or form?

Hey everyone,I have been in MIA on here for a few months, but I want to get back in the habit of posting to help other investors on their journeys.

I can hardly believe an accountant would say such a thing unless there are pieces of the story that aren't in the post. 

Hope all of that makes sense but post more if you would like. 

Per my original post, "The Pitch".

Section 179 deductions may apply to assets directly supporting your business, excluding personal-use components.This post does not create a CPA-Client relationship.

Consult a tax professional to optimize deductions and explore strategies like Real Estate Professional Status or short-term rental loopholes to apply depreciation to non-passive income.This post does not create a CPA-Client relationship.

For added liability protection, consider setting up an LLC for the rental, though this may have limited impact if the mortgage is in your name.This post does not create a CPA-Client relationship.

The HML covered 100% of the $32,500 rehab budget through drawbacks.Refinance: Post-rehab, I refinanced into a primary mortgage, creating 25.5% equity in the property.Future Financing: I plan to leverage the property with a HELOC to access up to $86,000 in capital for future deals.