It involves using Section 179 or bonus depreciation, and I would not DIY this project, as distinction between repairs and capital improvements is one of the most confusing areas of the tax law.And no, you do not need a cost segregation study to deduct these components of your rehab - if you have itemized invoices and receipts.Myth 8: for a valid 1031 exchange, I must exchange STR for another STRNo, you don't.

Now all of a sudden you have these new cabin units and you can significantly reduce your tax bill at least in the near term by splitting out the components.

But I'd be careful with any long term forecasts (economically, demographically, environmentally, etc.).

It is also not something that I am "all-in" on and its a component of our portfolio.

A 5 year life span component will have a higher deduction is year 2 than year 5.

You list out all components.

Fortunately they don't have to--for people who purchase the book directly from BP here, they get free bonus content and one component of that is a list of 72 questions to ask a sponsor.Someone will read this and think I'm just trying to sell books--not the case. 

Bought an auto repair shop for 30% of value because of environmental problem.  

One key component is making sure there is language that outlines how the purchase price is reduced if a payment is received BEFORE the closing.

Chances are you don't want to buy a building that had PERC spills and EPA just chomping at the bit to hit the new owner with environmental cleanup costs, that might be way more than the building is worth.