If a cost segregation study was performed, the accelerated depreciation may further reduce the property’s basis, potentially increasing taxable capital gains when sold.Depreciation recapture will occur when you sell the personal residence, so it’s essential to keep detailed records of all depreciation claimed while the property was used as a rental to ensure accurate tax reporting at that time.This post does not create a CPA-Client relationship.

The city has seen over a decade of steady appreciation, and while prices are still affordable, there’s a clear upward trajectory in revitalizing neighborhoods.It’s not a market where you can just buy blindly, but for investors who take the time to understand it, there’s a strong mix of cash flow and appreciation potential.

Quote from @David Young: My wife and I are new to this and are saving for our first property our goal is to start looking for properties in November 25, we have a couple questions, would it be wise to invest out of state for our first time investment (we do plan on physically going to see the properties to potentially invest in) ? 

I would keep detailed records of my deals to include photos that I could use later when I am approaching a potential funding partner.

Usually that means that they have hard assets that can be liened and potentially sold to pay off the debt.

If you’re open to discussing potential deals or just networking, feel free to drop a comment or send me a message!

Conducting a thorough property inspection or consulting a contractor can help identify potential large-ticket items you might need to replace soon.For make-ready costs, you can look at local averages for common turnover tasks like repainting, carpet cleaning, or minor repairs.

@Yael DoronIf you're working with a $150,000 budget and aiming for high ROI through rental income, consider nearby areas around Phoenix that still offer affordability and growth potential.

Looking forward to networking and potentially working with this amazing community! 

Finding a potential lot won’t be hard but getting a local municipality to give you the green light to build an MHP is going to be next to impossible.