Exterior PaintThe home has a concrete foundation wall that extends about 3 feet up before the siding starts.

Obviously, the deed has to be compliant. 

Have contacted building and concrete companies and approximately looking at 28 per sqft buildings built.

I’m aiming to keep everything compliant while maximizing the tax benefits.

A plan needs concrete numbers and realistic action steps.

They can also help navigate any IRS regulations related to co-ownership and rental arrangements with family members.Investing in specialized tax advice can help ensure you’re fully compliant and making the most of any available tax benefits.Hope this helps! 

Just make sure to document how you arrived at the land value in case of IRS inquiries.If you’re unsure or want to avoid any red flags, consider consulting a tax professional to ensure you’re compliant and optimizing your depreciation. 

., and sign new compliant agreements with your tenants.

Working with an accountant is important to ensure you’re maximizing your tax benefits and staying compliant with tax laws.

Many think if they only do 1 loan they have an exemption, which there are some things you may not have to do to do one loan, but you still have to follow federal guidelines such as using a servicer, sending compliant statements etc.