It cannot be offset by rental losses, including cost segregation.

However, it’s important to account for vacancy (5-8%) and maintenance (5-10%), as these can impact your net cash flow (if these weren't included in your cost calculations already).

My real estate goals include investing in long-term rentals with the potential for mid-term rentals, leveraging my spouse’s career as an OT in the healthcare industry.

Depending on the fee schedule and activity this can cost significant transaction fees and always includes some red tape and extra processes to go through.

I'm actually not leveraging bonus depreciation at the moment, and am looking simply to offset normal expenses (including standard asset depreciation) against non-passive (W2) income.

There are many folks, including myself, in this forum that can help and the more info you can provide (mainly numbers on the property), the more we can help you.

Leftover cash after expenses(not including personal expenses): $3250 

. :-)You can include any paperwork that legally prevents someone from filing bankruptcy.

🌟 There are definitely people in the Milwaukee area, including Bay View, who rent out rooms on Airbnb.

On the flip side, some challenges include rising material costs, contractor delays, and unexpected permitting hurdles—so having a solid plan and reliable team is key.Would love to hear more about your strategy!