The good thing about bonus depreciation is that you can take the amount eligible for bonus depreciation in that given year.For example - if you place a $50,000 item under 5 Years MACRS on December 31st, it would be eligible for bonus depreciation which as of right is now 60%.

If you’re weighing a move.. be it a 1031 exchange in Oregon or locking in a promising rental in Phoenix.. just remember that the right local knowledge, strong relationships, and a willingness to adapt can set you up for something more than just another line item on your spreadsheet.

The local law says that the non owner occupied property being rented will need a designated host that may or may not be the owner however that other line item in the code that stipulates that the host must be available within 30 min driving while the unit is occupied becomes the dealbreaker.

1) I’d remove all items under $100 and the landscaping/vegetation items.

Site cleaning may be the single most underfunded line item on construction budgets which often leads to dangerous work sites.

Can someone provide me a fully detailed cost plan of every single item that I will need to pay when doing a fix and flip.

It potentially can be possible if you provide your capital to a fund who operates as a private lender.You would have to be a non-managing member in an LLC or an LP in a Partnership.Therefore, you would have no say in items such as who to lend the money to, at what rates, etc.Best of luck

This was a very simple due diligence item that was missed by many people. 2.  

A lot of these items your agent should be able to help you out with. 

The LP investors think they must be missing some key item looking at all of the numbers so invest anyways.