We fixed everything in the first 3-5 weeks, plus paint, carpet, landscaping, then rented it out.

Before renting, I need to complete a few improvements to the townhome, such as landscaping and replacing the flooring in the bedrooms.I have a few questions and would appreciate any advice: What should I look out for during the home inspection and closing process on a new-build property?

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.

I’ve seen a few strategies work particularly well in Austin’s current landscape, so here’s my two cents:If you're looking for areas that are primed for long-term growth, Williamson County is still king.

There are plenty of local landscapers who you can hire to do everything. 

Has there been landscaping next to the house that flattened next to the house. 5.  

Your cleaner (have a back up one you use as well I suggest) from Turno or local Facebook groups and then handyman, electrician, HVAC, plumber, landscaper, etc from local facebook groups, thumbtack, or google. 

Also, fly out to visit the market, tour properties, and understand the local landscape before committing.Indianapolis offers a mix of opportunities for cash flow and appreciation, so defining your investment goals is key.

Relevant information was censored, and they subsequently got a picture of the landscape that was something very different than the truth of it.

@Jewell ArceneauxHow to drive ARV (my opinion)Improvements that drive the ARV the most: Roof, New Kitchen & Bathrooms, Flooring, PaintImprovements that DON’T drive the ARV as much: Windows, Landscaping, Driveway, Rough Plumbing & Electrical