Bonus - the interest on the loan is tax deductible!

Quote from @Samuel Kim: Hello i am a doctor who wants to use cost segregation/bonus depreciation on my 9 rental houses, my home maker wife wants to meet the 750hr test to obtain real estate professional status and material participation.

I believe that's their primary business model.Seems like this would be a great bonus! 

Just want to make sure it's ok to use the lease agreement since it says all rights reserved to bigger pockets. TIA

Bonus, Overtime, and Commission income all typically need a 2 year average either at the same job or in the same line of work.

Making money was a bonus because I live here.How did you find this deal and how did you negotiate it?

This also makes it eligible for bonus depreciation (60% in 2024) or Section 179 deductions if criteria are met.However, if the RV is permanently affixed to the campground site and functions as part of the real estate, it may fall under residential property classification and depreciate over 27.5 years.

Window AC units can indeed be treated as tangible personal property with a 5-yr life and be bonus-depreciated or deducted under Section 179. 

@Steven HsuBigger Pockets is a great place to find a real estate tax accountant.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

Exterior having new paint is always a bonus(as long as it looks good).