I’m old school and pen and paper all my expenses then jam a receipt in a folder for each property.

I've been researching whether or not doing a cost segregation study would be beneficial and while I don't think I could use the bonus depreciation for 2022 taxes a recent Bigger Pockets Money Podcast (#360) https://www.biggerpockets.com/... talked about carrying forward the paper loss for coming years and the benefit of doing one now as there is still 100% bonus depreciation which will decrease in the coming years.

PS: I'm sure I can great a nicer LTV but my business taxes don't show large gains on paper.

Depreciation can create paper losses to offset rental income or passive income, and qualifying as a Real Estate Professional (REPS) or STR loophole can allow losses to offset W-2 income.This post does not create a CPA-Client relationship.

Detroit can be tricky to analyze, and some deals that look good on paper might have hidden pitfalls (taxes, rehab surprises, etc.).

I want to move forward with the purchase because it is a great deal on paper but I don't want to do my agent dirty either.

It seems great on paper because you were technically creating more income but you are also creating more of a headache...Cramming in bedrooms and forcing living space is not always the best way of going about things.

I want to move forward with the purchase because it is a great deal on paper but I don't want to do my agent dirty either.

Returns look good on paper but the kind of tenants those homes will attract will eliminate your cash flow.Invest carefully.

I got a lien on the house they were flipping, all looked good on paper, then I found out they were using my $60K to improve their personal house!