I strongly suggest engaging the services of a consultant or advisor to assist you with this matter.

This could allow you to take advantage of bonus depreciation, which can significantly accelerate the depreciation deductions in the year you place the property into service

Is there a life lock type of alert for properties? With all the horror stories about fake sales of people’s properties and AI generated documents, you wouldn’t think there would be a demand for this.I found this one b...

Baxter, Esq.JGB November 2023 NewsletterIn March of 2023 the Internal Revenue Service made Revenue Ruling 2023-2 clarifying their interpretation of Internal Revenue Code (IRC) § 1014 regarding irrevocable trust basis adjustment at death.

Finding them is easy when you know which state because you can get paired with a seasoned agent and explore property management companies or use friends, family or your own services.

Anyway they talked me into buying their services costing $2,700 for the next year.

I will say, for most tax firms, you'll probably pay for more than you need at this stage because you don't have the volume to justify the cost of their services yet.

For your "BRRRR in Bulk" approach, you might want to explore lenders that specialize in portfolio or DSCR (Debt Service Coverage Ratio) loans, as they are often more flexible with complex financing structures like seller 2nd notes.

Services you cannot shop for seem high ($800/appraisal - is this a rural area)? 

So, for example Washington might survey a 1 million acre estate, offer to purchase 550 premium acres (or accept such as payment for his services) and “bank” those 550 acres for future development.