It is absolutely needed -its one of the most critical components. 

For example, one of our first initiatives will be pageants aimed at fundraising and instilling healthy financial habits, bridging the gap between cultural activities and practical education.Sustainable Cash Flow: Real estate remains a key component to fund our programs.

What I’m discovering is that just because a town allows STRs doesn’t mean the local laws make them operationally feasible unless you meet very specific criteria.For example, in Highland Lakes, access to the lake requires private membership, and it’s unclear if STR guests can use it.

Let’s unpack your ROI question in a way that reflects the reality of your financing setup.When calculating ROI with multiple loans, you’ll want to include all financing components in your cash flow analysis.

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.

In my experience..from what I read in Forbes..it’s not unlike discovering a great local coffee spot: once you find one that nails the roast and atmosphere, you tell everyone who’ll listen.

Some grow too fast and discover they've built a full-time job for themselves.Growth can also include improving cash flow, increasing property value, or optimizing operations.

If there's a second call for the same issue we have the line camera'd to verify the line is in good shape and that it is clear going forward, and charge the tenant if the clog was their fault but do not charge if we discover a mechanical defect; we fix the defect. 

Have I just discovered the secret to getting rich in real estate?

If you discover one that sounds potentially relevant, and you have not explored it - see if you can still get hold of your accountant before 12/31 and ask them.