Eventually, with time and experience, your knowledge and confidence begin to align more realistically.This concept is incredibly relevant to real estate investing.I encounter this often: an investor seeks advice but quickly tells me how much they already know.

The concept of the Housing Authority running out of money never even occurred to me!

It certainly complicates an easy concept....

We purchased a property in early October and are placing it in service this week (mid November).We had intended to run a cost segregation study and try to accelerate depreciation which we can deduct against our W2 (assuming material participation).However, we have been reading through the IRS guidelines (eg publication 946 on Property Depreciation) and there seems to be the concept of "short year" which would mean that we can only deduct ~1.5/12 of a year's worth of depreciation in 2024.Is this correct or are there any different rules for STRs specifically?

It seems like a really stupid concept to me.Perhpas some with actuall knowledge of how it work could illuniate us.

If you haven't already, read "The House Hacking Strategy" by Craig Curelop to understand the investment concept. 

Now I am in the early stages of development.I am working with a consulting firm to help with a concept plan, engineering, and to get the city to sign off on everything.

It’s a neighborhood that’s gaining momentum as more investors discover it.Key ROI Factors:Low entry prices compared to other urban neighborhoods.High appreciation rates as demand spills over from nearby areas like Berry Hill and Wedgewood-Houston.Pro Tip: Look for 1950s ranch-style homes with potential for open-concept layouts.4.

Success is most influenced by persistently applying proven concepts...it takes an informed plan over time.

The concept of the system is smart.