Here’s a breakdown of some of the information you may need to provide for a cost segregation study.For existing buildings:List of equipment on the propertyProperty settlement stateAny appraisals or purchase/lease agreements Property maps or blueprintsSchedules, change orders or documents for future renovation plansSupporting documents for calculating real property book valuePrevious purchase price allocations that separated assets into their appropriate allocation and valuePast site inspections and photographsDocumentation that proves or records deterioration of assetsFor new construction:Contracts or contract paymentsLand and property sizeBlueprints of projectList of equipment involved or purchasedList of projected costs including costs for land developmentApplicable site inspectionsConstruction schedules and payment requestsPhotographs of completed assets or work in progressCost segregation specialists typically have an organized plan for the collection and analysis of the information provided.

I'd be happy to include you on our list as well so you could such receive weekly snapshots.

They offer great advice on handling these situations, including tips on dealing with the sheriff and eviction procedure, as well as navigating money judgment collection.In terms of whether you should hire a lawyer or manage it yourself, it depends on the complexity of your specific case and your comfort level with the process.

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.

Make sure you know the impact that adding an ADU will have on any rent control. 12) investors seldom include the land value in the overall ADU costs.

Since you won’t be managing this yourself, clarify upfront if the GC’s fee includes coordinating subcontractors, pulling permits (if needed), and handling inspections. 2.

Although, I completed several gut renovations including garage conversions, in the past, I recognize that this is a different beast.

Owning rental properties, including STRs, does not allow you to fund SEP IRAs.

Vacant properties can sometimes be the way to go because you can try and get top market rent, as well as include any fees or protocols that might not be in a standard lease.