Depreciation recapture applies at ordinary income rates capped at 25%, increasing your tax liability.

My goal is to make this property available to insurance companies, disaster recovery specialists, and individuals displaced by fire, flood, or other catastrophic events.I am seeking guidance on the most effective approach to market this property, specifically:Recommended Insurance and Disaster Recovery ContactsAre there specialized companies that manage temporary housing for insurance claims?

Seek out local real estate groups to get an idea and network around local regulations.

Hi BiggerPockets community,
We’re a young couple just getting started in real estate investing, and we’re particularly interested in BRRRR deals in Queen Creek, Arizona. We’re excited to learn more about the area and...

Ithaca, 10.8% YoY housing prices increase.

A high property tax rate will increase the taxes more quickly as a percentage of total expenses when the property value increases.

By effectively utilizing space, we can often increase the number of units or functional areas within a property without expanding its footprint.

A prudent investor doesn't seek quick riches through shortcuts.

The marginal returns drove me to seek other strategies.So, this is not a "bad" deal if you consider it more of a learning experience than one that will make you a lot of money. 

Networking is another powerful tool—engage with local real estate groups and seek mentorship to accelerate your learning and build connections that will support your growth.