The main reason to do a cost seg study is to generate bonus depreciation, which creates passive losses.

Those credit card points are looking like more of a bonus...Use a HELOC to buy more property. 

I breakdown my budgets by Category (Roofing, Siding, Painting, Electrical, etc.) 

Bonus is I am getting new HVAC, Furnace and hot water tank. 

So for example, a 761 credit score will be in the 760-779 credit category, then going down to 740-759 and so on.2.

The good thing about bonus depreciation is that you can take the amount eligible for bonus depreciation in that given year.For example - if you place a $50,000 item under 5 Years MACRS on December 31st, it would be eligible for bonus depreciation which as of right is now 60%.

They divide the investment strategies into three categories: normal, aggressive, passive.- These categories are based on cash on cash ROI.

You can check out the 'Real Estate Events & Meetups' section here on BP under the 'Real Estate Classifieds' forum category to find local events in your area.To start, I recommend researching markets that will cater your strategy.

Would I be eligible to take the bonus depreciation on my 2024 taxes?

A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.