Still close by but much more friendly tenant/landlord laws, property taxes are 4th lowest in the Nation, strong appreciation, job growth, population growth, etc. 

I had a perfect Tennant paid on time every month for one year.Lost his job at the end of 2015.

Most of them are some version of "I want to replace my income and quit my job." 

Stessa does an adequate job replacing Quickbooks for our modest portfolio.Any and all suggestions are appreciated as so little of the support market is focused on MTR. 

I do think @theboxhop on IG does a great job on theirs, and there are several amazing builds with them.

I use|:3x month rent as minimum income625 or higher credit scoreOne year on job or if less, in the same fieldNo smoking ...in or on the premises.

Suppose you still have a job and have not been fired for running your business while on the clock, and you're being paid a W2 salary - let's say $100k per year. 

I mainly bought the large house because I had 3 three friends graduating from med school and masters programs and were getting jobs in / near the city. 

But then, my actual cabin was listed as a comp with 79% occupancy, which is very accurate, albeit the nightly rate was about 15% too high.Like most of these services, they don't do a good job distinguishing between owner stays and guest stays, my property included

Bonus depreciation is just a special part of the US tax code.It allows you to take accelerated depreciation on portions of your property depending on when an asset is put into service.At the time of this writing, you can write off a huge portion (60% in 2024) of many qualified components that have a useful lifespan of 15 years or less.That means a certain percentage of things like landscaping, sidewalks, latches, appliances, fences, certain flooring, etc is depreciable in year 1.The bonus depreciation rate percentage changes yearly depending on the administration and the tax code.For years 2015 through 2017 first-year depreciation for all the items on a 15-year schedule or less was set to 50%.It was scheduled to go down to 40% in 2018 and 30% in 2019 and then 0% in 2020.But then Trump got elected, and he enacted the Tax Cuts and Jobs Act.That moved the bonus depreciation percentage to 100% from 2017 to 2022.In 2023 it went down to 80% and it’s currently at 60%.Depending on who gets elected again, 100% may be back on the table.Only time will tell.We know that the US government wants to incentivize more development and ownership of RE.They want Americans to continue to build and maintain our physical world.That’s why real estate is one of the most tax-advantaged assets in the US.Depreciation and bonus depreciation for RE are very positive and will likely continue in the years ahead.