When structured properly it can come with a property tax deduction and sometimes deferral DM me if you’re still looking for assistance with land trust formations  

It depends to a large part what their expectations are. 

Increase in Taxes after reassessment That being said, I already had egress and my lot was large enough...

The house was a hoarder house and needed a large amount of work (Roof including plywood, facia boards, soffit, gutters, underground plumbing, outdoor deck, all windows, doors, flooring, bathrooms, half the sheetrock, retaining walls, etc.)

However, some investor's strategy is buy at a higher price for properties that have a high certainty of being redeemed for higher profits (eg properties that have a large mortgage that must have made clerical error...

Sure it can be a write off, but my question is if it is the highest and best use of your time (or the given employees time) to be running a skid steer - transporting it, storage, maintenance, cleaning, etc, and if it still makes sense if you need to hire someone to run it for you and take care of the other things.Add up all those recurring costs - maintaining the machine, maintaining the trailer, having a large enough truck to tow it, insurance and registration for all of the above, your time or your employees time related to all of the above...even at $14k a year it might be attractive enough to keep paying that and having them drop it off at the job site for you.A brand new machine could easily cost you over 6 figures - that's 7 years of rentals at $14k/year before including all the holding costs. 

It is a large property management company, I will follow up for bank statements.

Wanted to know if anyone would be willing to recommend RE attorney in South Florida from West Palm Beach to Fort Lauderdale who has experience and would be able to assist with:- review and advise on current leases in place- company formations being that also licensed sales associate- review and advise on trusts- advice a preparation of private money lending docs- property management formation best practicesAs always, thanks much in advance to everyone for any light you can shed!

Anyone can use the term financial advisor to describe themselves and many of these advisors are not fiduciaries and instead of recommending products that are in your best interest, they recommend products that give them a large commission.  

Me and My brother have found this great office building for sale on the same block as a very expensive private college. When I was in college in Philly I lived in one, it was nice but nothing crazy fancy. For a two be...