The tax advantages of buying/holding gas stations are pretty great.Many of the components of gas stations including pumps, tanks, external parking areas, and other equipment are classified as either 5 or 15 year property so you can bonus depreciate a lot of it (minus the land value) and get significant deductions in year 1.With the 2025 bonus depreciation rate at 40%, a $1 million gas station acquisition could still lead to $100K+ in year 1 deductions depending on the specifics of your deal.

Happy to share more specific ideas!

Hi, Just bought a unit via LLC in Nashville area, specifically in Berry Hill to operate as STR.

@John Lasherjust curious what specifically you're looking to do - GP or LP? 

Happy to keep the conversation going if anyone wants to dive deeper into trends or specifics!

The reason I ask is if you're starting a "non-real estate" business, I'd recommend NOT using that business to buy any properties but use a real estate specific LLC to acquire your properties.

I think with it being newer accounts/investors they don't think of the specifics needed.

If you want to network or ask specific questions about your local market, go to your local real estate forum and connect with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking5.

There are a lot of market-specific issues you'll have to grapple with and also, there are plenty of landmines in MFR on its own in CT that you'll have to be ready for, in addition to the nuances and complexities of developing something like this.

@Joshua Patterson nice intro, but what specifically do you need our assistance with?