Sure that's fine but.... the owner said he used multiple bank accounts to collect rents and thus can't provide the 3 years statements since they bought 2022 so not 3 years.

I think there is another case study of using federal land for affordable housing in DC that has been held up with red tape for decades.  

Also an accounting nightmare.

Also, networking with local investors or attending meetups/conferences in Portland could provide valuable insights and accountability as you move forward.

Study and learn how the tax code works and where you might be able to optimize and save.2.

What a lot of people think:Bonus depreciation is only for new properties or acquisitions.The truth:You can retroactively apply bonus depreciation to property placed in service after September 27, 2017, when the Tax Cuts and Jobs Act passed changing various rules.The IRS allows you to claim missed depreciation deductions by adjusting your current year's tax return, without needing to amend the previous year's returns.This is typically done through a change in accounting method using IRS Form 3115.

Hold them accountable, and lean into their knowledge of the area.5) Wait6) After 12-15 years, you'll have 3-7 properties.

Hi Brand, my accountant has always taken the property value and divided that by 27.5.

Hey Kevin, You're correct that in a Roth IRA, the tax advantages of depreciation, such as offsetting taxable income, are effectively lost since the account itself is tax-free.

Network with investor-friendly professionals and find a mentor or accountability partner.