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.

This approach helps mitigate risk, especially in a fluctuating market, by allowing you to weather potential downturns.Your strategy of going long on USD and short on AUD is intriguing, and it's smart to consider how the currency exchange dynamics will affect your investments.Regarding the Austin market, there has been notable activity in the lower end and affordable housing segments, with many buyers entering the market as they look for opportunities.

Those expenses are crucial in determining your overall rental income and the amount calculated into a child support payment.This post originally appeared on the BiggerPockets blog.

So many don't even make the jump and Im glad you are actively moving forward in your journey! 

If you materially participate and rent for 7 days or less, and don't use it personally, this will be a non-passive activity and losses can be written against active income. 

Many sites do syndicate MLS data, but it's much more robust for active listings and a large fail for closed statistics.

I'm familiar with a few areas more east that perform very well and there are some active vacation rentals with healthy income records on the market there as well.

You participated in the activity for more than 500 hours.2.

I wouldn't recommend taking private/hard money unless you have higher risk tolerance and you are ready for an active strategy (BRRRR/flip).

I will say that I came across White Haven due to both Sam and Ben being active here on BP, and Rise48 through Dave Thompson.