Unless your lease says something different, in Texas we can normally give 3 day notice.#2. 

Hopefully not.If it happens, it's normally a capital loss and does not help to offset W2 income, because net capital loss is limited to just $3k per year.

In the event I am wrong though and the anti-abuse rule would be triggered, I assume this would be treated normally under CIP rules?

The normal local who do whatever it takes to live here and most that I know do not move frequently once they lock down an affordable LTR with a good landlord (until they hopefully buy their own place) and third type are those who have recently relocated.

This is a normal market, why not have the same for landlords?

If you are installing them in 2024, the amount of bonus depreciation is limited to 60% and you can therefore only take 12.75% in the first year (plus normal remaining depreciation for a part-year asset).I'm not sure how the split would work between the residential credit and the commercial credit as this may be reported separately with the partial business use allocation happening first.

Normally finding general contractors within a large city is not a difficult undertaking; however, we were trying to obtain this property shortly after Hurricane Ida had destroyed the city and the country was just coming out of the pandemic.

The limit is applicable so it doesn't count toward the doner's lifetime gift-tax exclusion.In theory, if the doner doesn't anticipate to have an estate near the lifetime exclusion, they can gift more, they would just need to file a gift tax return, where normally no tax would be paid.

Hey Sean, I am a realtor in Greater Cincinnati and I have to say, 50-60k is normally what I recommend people have to start investing OOS here.

Find the definition of “primary residence” in law, and define it for me… They would not or could not and only pointed out how within the city code, for that section specifically that the director “has interpreted” primary residence to mean one’s normal place of return… again, thats not even a definition.