This safe harbor generally allows you to expense items under $2,500 per invoice or item, but since your fence replacement exceeds this threshold, it doesn’t qualify.As Michael mentioned, for the tax year 2024, you could potentially take advantage of a 60% bonus depreciation if you conduct a cost segregation study for your property.

DSCR loans are great, but it's a misconception to think they will not count against their max limit of properties financed for conventional financing.

Is there a limit on how much each rent increase can be?

I am currently house hacking and renting my basement through my LLC.  My personal net worth is north of $1M.  Do I need additional projections and insurance to protect my assests or will I be covered by my LLC.  If so...

Feel free to DM and we can see if you’d be a good fit the market I work and if not, at least I can give you a few pointers as far as STR fundamentals and a couple resources for cost segregation.One thing to add regarding cost segregation:You should always read the bio and resume of the persons signing your Cost Segregation study.

@Travis DumontThe Fannie Mae owner-occupied program allows individuals to use the program multiple times, but with certain limitations.

So passive losses are only allowed to be used to offset other passive income unless you are a real estate professional or your AGI is under the $150,000 limit to use the passive losses against your other income (provided you have active rentals).  

,This situation might be very specific but I am needing help solving this issue.I have someone who would like to sell me their Airbnb House they currently have it under a VA Loan with the Local housing authority. it is assumable but would require me to put more down and would limit their use of the VA Loan until i refinance out of it.the Local Housing authority has been calling mortgages due to anyone they find that are owner financing homes while still having an active mortgage from them on. 

The average buyer/seller has limited knowledge or experience when it comes to real estate or what's involved in a transaction and most importantly how to navigate problems.

I can tell you that the OSU area is indeed a great choice for investment because of the high demand for rental properties and the limited vacancies.