I recently paid someone to do my roof and replace the carpet (~5k expense) on my short term rental in 2023, however he won't fill out the 1099-NEC.

Dwelling (Building coverage)The limit should be based on the Replacement Cost of the building (cost to rebuild withthe same kind and quality excluding the foundation)2.

If the machines are 15+ years old, I recommend getting a quote to replace them.

Needs more cosmetic work than major rehab, and roof was recently replaced.

The cost segregation studies that typically yield the highest credits and deduction are for properties valued at $150,000 or more or that have lots of added features such as components to operate or high-end custom finishes.

Quote from @Kevin Robert Highgate: The ability to invest in property and replace your W2 income quickly is tough.

If separate, do they both need to be replaced?

If you’re not paying cash for properties, get pre-approved for an investor loan to understand your available credit.Time FrameThe shorter your timeline to achieve your goal, the more upfront capital and credit you’ll need.End GoalMost investing goals focus on replacing their current income, like $5,000/Mo.

I'm a mother of an 8 and 11 year olds, my husband works full-time but I quit my job when we had my daughter and wanted RE investing to replace my income.

Horror story #2: while selling off one of the Class C Indianapolis properties, buyer asked me to pay replace the sewer line before closing... absolutely not...here's a partial credit (check to written out to contractor from closing proceeds so buyers don't pocket the money)