Have you called your bank/servicer to talk about your options? 

Someone I know bought a ranch to use as a short term rental property in 2021 for $1.7 million.Engineers did a virtual site visit, they were able to assign a value of $347,000 to either 5-7-15 year assets that were eligible for depreciation.In 2021, the bonus depreciation amount that you could take was 100%.This means that the owner could immediately deduct the full amount of eligible property in the year it was placed in service, rather than depreciating it over time.With that in mind, he took the full $347K deduction in his FIRST YEAR of ownership to offset taxable income from rentals.This was roughly ~20% of his purchase price.It was a big win for him.In 2024, the bonus depreciation rate is 60% so the calculation would be different.That said, you can still save and defer a ton.

I thought the App was out of service and not being updated but clearly something has changed.

@Chris RagerUsing Legal Zoom or similar service for a multi-member LLC is --- in my opinion --- legal suicide.

@Matt J.As an out-of-state investor in San Diego, key tax and legal considerations include filing a California non-resident tax return for rental income or capital gains, managing double taxation with potential tax credits from your home state, and complying with withholding requirements on property sales.

I’ve been considering their service but wanted to see if anyone else has had success with them.

Fannie Mae and Freddie mac won’t allow you to close in the LLC or non-reporting loans.

If my labor is worth $100 on Friday, I want it to buy the same amount of goods and services on Monday morning.  

If the property is in an LLC I look up that LLC in the Department of State website which has a service address.

I would be more than happy to help anyone looking to start investing in the areas of Florida that I service.