Old post but I figure I would comment here... my Company, Maven Cost Segregation has done studies on projects like this.

Section 179 deductions may apply to assets directly supporting your business, excluding personal-use components.This post does not create a CPA-Client relationship.

A Roth IRA Conversion lets you convert funds, pay taxes upfront, and withdraw contributions tax- and penalty-free after 5 years, offering a longer-term solution.This post does not create a CPA-Client relationship.

., commissions, fees) and consider a 1031 exchange to defer gains by reinvesting in another property.This post does not create a CPA-Client relationship.

This post does not create a CPA-Client relationship.

Setting up an LLC may allow for deductible expenses, and investing in municipal bonds could provide tax-free interest.This post does not create a CPA-Client relationship.

For added liability protection, consider setting up an LLC for the rental, though this may have limited impact if the mortgage is in your name.This post does not create a CPA-Client relationship.

I am certain, I have many more questions and things I should consider and look forward to reading many of the informative posts on the website and look forward to hearing your advice, thoughts and/or questions.Thanks!

Quote from @Ricky Reddin: Hello,This is my first post on the forum and trying to get some guidance on a situation.

Per my original post, "The Pitch".