Great job on the due diligence or Operational process you have going.  

If the property isn’t already zoned for multifamily, you might need to go through the rezoning process.

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.

And I don’t want to write a book about it. 

Insurance Housing Partnerships:Insurance companies do sometimes need temporary housing for families, but the process to get on their radar can be unclear, as you experienced with GEICO.

Here are some thought processes.1.  

If you can create high quality real estate related content, you can attract a large audience and find motivated sellers in the process.

U might want to write out their website so folks can check it out

Hi John,I am currently in the process of refinancing into a DSCR loan.

It may be due to the lengthy pool permitting and construction process. 2025 will be a critical year.