@Jaren Taylor, not sure if this is why you talk about raising all cash, but given most deals are trading in the 5% cap rate range, and agency debt is 6.5% while balance sheet debt is closer to 7%, I whole heartedly agree that all cash is the ideal capital structure for many properties today, if your goal is to maximize overall returns for your investors.  

They are often located in desirable neighborhoods and are close to good schools.

We have two young boys who also enjoy Japan and hoping we can all begin to learn the language and possibly enroll them into an International School during the summers.

Do the numbers make sense with each and all interest rates? 

We raised $4.5 million in equity and got $4.5 million in fixed rate debt from Freddie Mac at a 5.85% rate.

But RC builds in areas with good schools and those homes rent well.

Some people are sending supplies (clothes, other needed items like school supplies, food for humans and pets, etc). 

The plan was to buy a warehouse, lay down turf and hard courts and lease the space to local schools and leagues and host tournaments.

Most lenders that I work with give Wholesale Rates (vs retail rates when you go directly to a lender). 

Recapture typically happens only when you sell the property.If you use the property partly for personal use and partly as a rental in a given year, depreciation and other expenses must be prorated based on the number of days it was rented versus personal useBased on the current tax laws and regulations, once you've taken bonus depreciation on an asset, you cannot "capture" additional bonus depreciation on that same asset in future years, even if the rates increase.In the 2024 tax year, the rate for bonus depreciation is 60%.