., structural updates) can be added to your basis, while maintenance costs are deductible in the year paid.Since bonus depreciation is now at 40% for 2025 and 20% for 2026 under the current law, future real estate investments will have fewer upfront depreciation benefits.

Wishing you the best on your future. 

But, for future reference, in Ohio there is a little used approach to always get your money back.

Most of the STRs out here in Hawaii are sold turnkey, so already furnished and decorated, many with lots of future bookings. 

The electrical panel is original, so an upgrade might be needed in the future. 

If purchasing new real estate as part of your reinvestment, a cost segregation study can maximize depreciation deductions, offsetting future taxable income.For effective planning, assess how the sale price is allocated between real estate, tangible assets, and goodwill, as this determines the tax treatment.

If you plan to stay in your local market, house hacking with an FHA loan can be a fantastic strategy to build wealth while keeping costs low.Congratulations on your graduation and best wishes for your future success!

Not to mention the economic development steps the town is taking in ensuring the growth of town (roads, schools, zoning) stays on par with the future expected population growth and new jobs that are going to be a result of the new factories opening.  

I will be sure to increase my rice in the future!

@John Kirtley It's definitely gone up a lot in value, but you can compare the values to Folly or Isle of Palms (Sullivans isn't really comparable) to see the future growth.