& different parts of the asset can be depreciated on different schedules.To find out the useful lifespan of each component, you do a cost segregation study to analyze all of the parts.The raw land can't be depreciated so you start by giving that a value first.But other items can be depreciated on a quicker timeline.A roof, road, sidewalk, fencing, walls, gates, doors, latches, flooring, air conditioners, pavers, curbing, landscaping, etc.The IRS has a depreciation schedule for each type.Some parts are 5 yrs.

I'm hoping to see more of this and praying it gets passed bc we have 2 strs in Hot Springs that have been slapped w/rediculous annual fees and investment hindering regulation.

In which case you are likely better off going to forced air.

@Pascal Enohnyaket I would argue that Winter is the best time to start a BRRRR followed by Spring.

Originally posted by @Mike Jacobson:We sold our hotel in the spring of 2018. 

It's like their Spring Break or Rumspringa.

I am currently using Air bnb, Homeaway and recently used Craigslist in NYC. all the best, James

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $220,000

Cash invested: $5,000

Purchased a mostly turn-key property with a main house and an In-Law detached...

You would ideally want to buy in the downmarket for below market price (around this time of the year since its more of a buyers market) and then sell in spring when values are going to be increased and also have a sellers market (you could sell for above market price).

I went to the MFM meeting in Orlando in spring 2024.