Additionally, interest-bearing accounts may be mandated in certain jurisdictions, so it's important to check local regulations to ensure you're handling deposits correctly.

Hey Anthony, yeah just some additional details. 

This is an additional step that would not be present for developing a lot where you are adding value.  

Recapture typically happens only when you sell the property.If you use the property partly for personal use and partly as a rental in a given year, depreciation and other expenses must be prorated based on the number of days it was rented versus personal useBased on the current tax laws and regulations, once you've taken bonus depreciation on an asset, you cannot "capture" additional bonus depreciation on that same asset in future years, even if the rates increase.In the 2024 tax year, the rate for bonus depreciation is 60%.

Additionally I would suggest having the long term financing relationship built so that they can easily transition the deal after renovation. 

In addition to that, building your network is key.

The lender is getting a 2nd large asset (your crypto) to secure only an additional 20-25% of loan value.

For example, I see newer investors attempting wholesaling or bird-dogging for other investors to generate additional income to invest.

But overall it looks like a great looking place and a nice addition to your rental portfolio.Good Luck!

To get started you need an additional strategy that helps you build cash.