I'm excited to introduce Nuovo Management Corporation (aka Nuovo Corp), where we bring creativity and integrity to property renovations, flips, and preservation services.

It’s 100% bonus depreciation for properties placed into service in 2017-2022, 80% in 2023, 60% in 2024, 40% in 2025, 20% in 2026 and completely phased out in 2027.

I cannot comment on the tax ramifications but you can prep the deed yourself or pay a service to handle it for you.

The problems can manifest over time or can suddenly & disastrously make themselves known.You may be able to extend the life of the existing (repaired) roof with a service called Roof Maxx.

Also, check whether there was an escrow shortage when taxes were last paid by the servicer.

I own a Cleaning & Handyman company in Nashville and we service this area. 

Be careful with that BRRR stuff.I personally would not do Remote BRRR as there is just a lot of risk with 1) risk of embezzlement with contractors 2) change orders and 3) bank doing bait and switch doing a lower appraisal and/or LTV on the refinance.Most service providers net worth is under 500-1M net worth and I just did not feel comfortable working with them because they would screw me over when I wire over 30-50k checks to do work.

For the latter, it's a full service property manager.

And your follow-up questions are no exception.If you place it in service in 2024 but do not meet material participation - you can still claim bonus depreciation but it will be locked up and will not be useful as an offset for your W2.

Wholesalers also service a market that would otherwise not be serviced at all.